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How an L2 Network's Promise Turned Into Crisis
What started as the ambitious vision of "delivering the best of both worlds" unraveled in 2024.
The project had secured $65M in funding from heavyweight VCs—Polychain and Delphi were among them. A stellar lineup of backers suggested serious ambitions.
But early 2024 brought allegations. Sexual misconduct claims surfaced against leadership, shifting the narrative from technological breakthrough to organizational breakdown.
It's a stark reminder that in crypto, technical innovation alone doesn't guarantee project survival. Governance, culture, and l
What started as the ambitious vision of "delivering the best of both worlds" unraveled in 2024.
The project had secured $65M in funding from heavyweight VCs—Polychain and Delphi were among them. A stellar lineup of backers suggested serious ambitions.
But early 2024 brought allegations. Sexual misconduct claims surfaced against leadership, shifting the narrative from technological breakthrough to organizational breakdown.
It's a stark reminder that in crypto, technical innovation alone doesn't guarantee project survival. Governance, culture, and l