CEO of Crypto Miner Layer1 Says Founder Is ‘Actively Looting’ It

Feb. 6, 2023, 8:07 PM UTC

The CEO of Layer1 Technologies Inc. sued its founder, claiming he’s trying to exploit corporate paralysis at its Swiss private equity parent to seize control of the Bitcoin mining company, loot it, and run it as his “own personal fiefdom.”

John Harney and DGF Investments Inc., an investment firm based in the British Virgin Islands, filed the lawsuit in Delaware’s Chancery Court against Jakov Dolic and his attorney Tobias Ebel, the third board member at San Francisco-based Layer1, which is incorporated in Delaware.

The suit, made public Feb. 3, claims Dolic and Ebel hatched a plot to usurp management of ...

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