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Saturday, October 17, 2026

Crypto Powerhouse ConsenSys Faces Action by Former Employees - Bloomberg Law

A group of former employees of the ConsenSys AG is alleging “serious irregularities” at the startup incubator that owns a minority interest in the namesake crypto-related software company.

Claiming to represent 35 employees, the group filed for a Swiss court to conduct a special audit, to look at an asset transfer out of ConsenSys AG (Mesh) into a new entity that the group claims “was to the detriment of the minority shareholders.”

Founded by Ethereum co-creator, Joseph Lubin, ConsenSys countered that the property transfer was valued fairly, and that the business environment has changed dramatically since the spin out ...

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Read Full Story: https://news.bloomberglaw.com/securities-law/crypto-powerhouse-consensys-face...