Theta Labs CEO Mitch Liu has been accused of years-long deception, market manipulation, and misleading partnerships with a major company. Two former Theta employees, Jerry Kowal and Andrea Berry, have filed separate whistleblower lawsuits in a Los Angeles Superior Court, alleging that Liu used Theta Labs to artificially inflate token prices through misrepresenting partnerships and undisclosed insider token sales. They also claimed that Liu would retaliate against employees who raised concerns.
Theta Labs is a blockchain company developing the Theta Network. The decentralised platform focuses on computing, storage, and media delivery. The network has two primary tokens: Theta, used for governance and staking, and Tfuel, for transaction fees and network services.
