Curve Finance Founder Faces Deception Allegations By VC Trio
VCs Claims Against Curve Founder The VCs claim that the Curve Founder was involved in ‘ misappropriation of trade secrets ’ which led to financial damages. Egorov’s defense team, however, contends that the allegations are a mere ploy to counter ongoing litigation in Switzerland that dates back to 2020. advertisement Egorov’s lawyers have said that- “To justify their blatant forum shopping, Plaintiffs concocted a new and compelling story painting Egorov as an evil villain who duped three naïve VC firms into giving up ‘trade secrets’ and $1 million in invested funds (that Swiss Stake promptly offered to return).” Curve, a decentralized exchange liquidity pool was initially funded by these three VCs, who saw potential in the new and profitable opportunity. The VCs allege that Egorov made false statements regarding the manner in which their assets would be deployed at Swiss Stake GmbH, a company that holds the lice...