Sexual Misconduct Allegations Lead Founder of Ethereum Layer-2 Chain 'Eclipse' to Step Back
Neel Somani, founder of Ethereum scaling chain Eclipse, said multiple sexual misconduct allegations circulating against him on X were "false."

Neel Somani, the founder and CEO of Ethereum scaling company Eclipse, said on Thursday that he would be stepping back from his role as a "public face" for the company in response to a recent slate of sexual misconduct allegations.
"Serious allegations have been made against me on Twitter in the last week," Somani said in a post on X (formerly Twitter). "These allegations are false, but serious allegations about sexual misconduct warrant a serious and thoughtful response."
Serious allegations have been made against me on Twitter in the last week. These allegations are false, but serious allegations about sexual misconduct warrant a serious and thoughtful response. You'll find that response in the thread below:
— neel (@neelsalami) May 9, 2024
"I'll be temporarily reducing my role as a public face for Eclipse," he wrote. "The senior leaders at Eclipse are well equipped to take on these responsibilities and this will allow these conversations to unfold and the truth to emerge about these allegations."
Somani did not immediately respond to a request for comment. A spokesperson for Somani told CoinDesk that no legal charges have been filed against him in connection with any sexual misconduct allegations.
Eclipse posted a separate statement to its official X account, saying it "remains committed to maintaining the highest personal and professional standards, including gender equality and fair treatment."
"The team takes allegations against our CEO, Neel Somani, seriously and believes in the importance of truth," the company wrote.
Eclipse is a layer-2 blockchain scaling project on Ethereum. In March, the firm disclosed that it raised $50 million in a Series A funding round co-led by Placeholder and Hack VC, bringing the total amount raised by the company to $65 million.
UPDATE (Oct 22, 2024, 19:00 UTC): Adds comment from spokesperson for Somani that no legal charges have been filed against him in connection with any sexual misconduct allegations.
More For You
KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Coinbase CEO says Big banks now view crypto as an ‘existential’ threat to their business

Brian Armstrong returns from World Economic Forum with message: traditional finance is taking crypto seriously
What to know:
- Coinbase CEO Brian Armstrong said a top executive at one of the world’s 10 largest banks told him crypto is now the bank’s “number one priority” and an “existential” issue.
- At Davos, Armstrong highlighted tokenization of assets and stablecoins as major themes, arguing they could broaden access to investments for billions while threatening to bypass traditional banks.
- He described the Trump administration as the most crypto-forward government globally, backing efforts like the CLARITY Act, and predicted that AI agents will increasingly use stablecoins for payments outside conventional banking rails.











