Vijay Chetty Steps Up as New CEO at Eclipse Labs After Leadership Shakeup

• Vijay Chetty has been promoted to CEO at Eclipse Labs, stepping up from his previous role as Chief Growth Officer.

• The promotion follows the resignation of Neel Somani, who left his position due to accusations of sexual assault.

Eclipse Labs has announced the appointment of Vijay Chetty as its new Chief Executive Officer, succeeding Neel Somani, who resigned amid serious allegations. Chetty previously served as the company’s Chief Growth Officer.

In a statement on social media platform X, Eclipse Labs shared that “Vijay Chetty brings over ten years of experience in the cryptocurrency sector, having held senior positions at notable firms such as Uniswap Labs, dYdX Trading, and Ripple Labs. He also has investment experience from his time at BlackRock.”

The allegations against Somani surfaced last week, prompting his decision to step down from his public role at the firm.

HackVC, one of the company’s investors, commented on X: “Upon learning about the allegations, we took immediate steps alongside other stakeholders and urged Neel to resign. We are relieved that this action has been taken.”

Although these allegations have not been substantiated in court, Somani asserts his innocence, stating, “The accusations are untrue, but such serious claims of sexual misconduct necessitate a substantial and considered response,” as he mentioned on X.

Our privacy policy, terms of use, and cookies have been updated. Please be aware that we do not sell personal information.

We are an award-winning media outlet dedicated to covering the cryptocurrency industry with strict editorial policies. As of November 2023, our organization was acquired by the Bullish group, which also operates Bullish, a regulated digital assets exchange. Both Bullish and Block.one have significant investments in blockchain and digital asset ventures, including holding substantial amounts of bitcoin. We operate independently with an editorial committee ensuring journalistic independence. Our employees, including journalists, may receive compensation in the form of options from the Bullish group.