Michael Egorov, CEO of decentralized finance (DeFi) platform Curve Finance (CRV), has been sued by ParaFi Capital, Framework Venture and 1kx on fraud charges.
Giant venture capital firms, according to a recent lawsuit filed by the California Court ParaFi Capital, Framework Venture And 1kx, Curve CEO Michael Egorov misuse of trade secrets And fraud sued for the crime.
According to the lawsuit, Egorov owned three companies 1 million dollar mutual funds while defrauding companies gain the trust in the name of in misinformation found. The file also includes Egorov’s case legal to avoid the consequences moved to Switzerland claimed.
According to the allegations three venture capital company 2020 In Egorov’s Curve license Swiss-based company that owns to Swiss Stakes 1 million dollars invested in value but received in return they had not received the equity capital they had agreed upon.
In addition, their investments not returned with rights such as tens of millions of dollars worth CRV were deprived of their tokens. Also owned by Egorov’s venture capital companies tens of millions dollar worth of CRV sold and will play a key role in the development of Curve important ports And funding rounds like many misused commercial information.
Egorov’s lawyers said that the case in question in 2020 opened the case He made the following statements while claiming that it was a trick to support:
To justify their blatant forum exchanges, the plaintiffs concocted a new and convincing story that portrays Egorov as the bad guy who tricked three innocent VC companies into giving up their “trade secrets” and $1 million in investments.
lawyers, venture capital firms and fraud claims Swiss Stakes one between from the termination of the contract originating and mentioned your trade secrets basically everyone widespread known as investment companies names stated that. Moreover to Swiss Stakes a million dollar fund invested refund is offered He took part in the defense of the Egorov side.
Law firm representing venture capital companies Latham & Watkins in his statement on the subject, to litigation for coming sad they are but the facts on their side that it is what they believe stated.