A co-founder of Rebase’s business partner alleges that he had been forcefully outed of the company and that money belonging to him was transferred from a shared cryptocurrency wallet. A purported business partner has filed a lawsuit against the co-founder of the nonfungible token project Rebase, accusing him of acting “rogue” by taking $2M from a shared cryptocurrency wallet and booting out an apparent co-founder.
Gagacki Argues The Impact Of The Rebase Feud On His Reputation
Eight distinct charges had been made against Edmond Truong, the second co-founder of the company, in a document filed on April 17 in a District Attorney in California US by Krzysztof Gagacki, who claims to be a co-founder of Rebase. For contract violation, violation of fiduciary responsibility, malign, and trademark invasion, Gagacki is asking for a trial. Gagacki claimed that Truong violated a partnership agreement on October 27, last year by embezzlement $2M into a different wallet controlled by a third party.
Gagacki asserts that he is the rightful owner of 50% of the money and alleges that Truong won’t give him access to the online wallet’s secret keys. In the document, he asserts that Troung him from within the company by representing himself to others as Rebase’s only owner and the sole maker of all decisions. Gagacki also claims Troung is claiming she is not working more at the company because things escalated a bit. Gagacki’s LinkedIn profile doesn’t mention any prior job with Rebase. Along with reportedly “actively interfering” with many potential agreements that he had already been negotiating for the company, Truong is also accused of making multiple disparaging remarks about Gagacki to the firm’s business associates.
Gagacki argues that the impact of these remarks on his image has been “disastrous.” According to the lawsuit, one of these transactions included American model and actress Bella Hadid as well, who appeared in the company’s NFT project titled Cy-B3lla but later declined further involvement when it became clear that the business partners did not get along.
