Eclipse Labs Promotes Vijay Chetty to CEO Nearly a Week After Neel Somani’s Ouster

As an analyst with extensive experience in the crypto industry, I closely follow developments within the ecosystem. The recent appointment of Vijay Chetty as the new CEO of Eclipse Labs comes amidst the resignation of Neel Somani following sexual assault allegations.

Vijay Chetty has been named as the new CEO of Eclipse Labs following Neel Somani’s resignation last week amid sexual misconduct allegations. Previously, Chetty held the position of chief growth officer within the company.

Eclipse shared that Chetty possesses more than a decade of expertise in the crypto sector. He has previously held prominent roles at Uniswap Labs, dYdX Trading, and Ripple Labs. Furthermore, he brings investing experience from BlackRock to the table.

Last week, accusations against Somani surfaced for the first time. In reaction, he announced that he would retreat from being the company’s public representative.

After becoming aware of the accusations, HackVC collaborated diligently with fellow investors and the team to rectify the issue. Among our efforts were pushing for Neel’s resignation, and we are elated to witness this outcome. (X is a platform or medium where the post was made)

As an analyst, I would express it this way: The accusations against Somani have yet to be validated in a court of law. He insists on his innocence, asserting that he has engaged in no wrongdoing.

“He denied the accusations as unfounded, yet acknowledged that severe claims of sexual misconduct merit careful consideration and a considered reaction,” he wrote on X.