PANews reported on October 23rd that, according to Cryptopolitan, Max Glass, a former executive at cryptocurrency consulting firm RWA Company, filed a lawsuit in Delaware Chancery Court, accusing the company of wrongfully terminating his contract in order to seize control of a lucrative stablecoin project, which eventually evolved into the blockchain payments infrastructure platform M0. Glass claims that RWA Company's controlling members, Gregory DiPrisco and Joseph Quintilian, orchestrated a "breach of trust" to forcibly force him out of the company and take over the stablecoin business. He accuses the two of "forcing him to relinquish his rights" before launching M0, fraudulently obtaining intellectual property from the company and transferring the original collaborative project with German fintech company CrossLend to M0. He emphasizes that "M0 was built on the results of the collaboration between RWA Company and CrossLend," yet he was excluded from ownership and profit sharing. Glass seeks damages and recognition of his legal rights in the original stablecoin project. His lawyers claim that the defendants concealed the true relationship between RWA, CrossLend, and M0 for years.PANews reported on October 23rd that, according to Cryptopolitan, Max Glass, a former executive at cryptocurrency consulting firm RWA Company, filed a lawsuit in Delaware Chancery Court, accusing the company of wrongfully terminating his contract in order to seize control of a lucrative stablecoin project, which eventually evolved into the blockchain payments infrastructure platform M0. Glass claims that RWA Company's controlling members, Gregory DiPrisco and Joseph Quintilian, orchestrated a "breach of trust" to forcibly force him out of the company and take over the stablecoin business. He accuses the two of "forcing him to relinquish his rights" before launching M0, fraudulently obtaining intellectual property from the company and transferring the original collaborative project with German fintech company CrossLend to M0. He emphasizes that "M0 was built on the results of the collaboration between RWA Company and CrossLend," yet he was excluded from ownership and profit sharing. Glass seeks damages and recognition of his legal rights in the original stablecoin project. His lawyers claim that the defendants concealed the true relationship between RWA, CrossLend, and M0 for years.
Former executives of RWA Company accused partners of breach of trust to seize control of the company's stablecoin project to create M0
PANews reported on October 23rd that, according to Cryptopolitan, Max Glass, a former executive at cryptocurrency consulting firm RWA Company, filed a lawsuit in Delaware Chancery Court, accusing the company of wrongfully terminating his contract in order to seize control of a lucrative stablecoin project, which eventually evolved into the blockchain payments infrastructure platform M0. Glass claims that RWA Company's controlling members, Gregory DiPrisco and Joseph Quintilian, orchestrated a "breach of trust" to forcibly force him out of the company and take over the stablecoin business. He accuses the two of "forcing him to relinquish his rights" before launching M0, fraudulently obtaining intellectual property from the company and transferring the original collaborative project with German fintech company CrossLend to M0. He emphasizes that "M0 was built on the results of the collaboration between RWA Company and CrossLend," yet he was excluded from ownership and profit sharing. Glass seeks damages and recognition of his legal rights in the original stablecoin project. His lawyers claim that the defendants concealed the true relationship between RWA, CrossLend, and M0 for years.
Market Opportunity
Allo Price(RWA)
$0.002982
$0.002982$0.002982
USD
Allo (RWA) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Polygon Tops RWA Rankings With $1.1B in Tokenized Assets
The post Polygon Tops RWA Rankings With $1.1B in Tokenized Assets appeared on BitcoinEthereumNews.com. Key Notes A new report from Dune and RWA.xyz highlights Polygon’s role in the growing RWA sector. Polygon PoS currently holds $1.13 billion in RWA Total Value Locked (TVL) across 269 assets. The network holds a 62% market share of tokenized global bonds, driven by European money market funds. The Polygon POL $0.25 24h volatility: 1.4% Market cap: $2.64 B Vol. 24h: $106.17 M network is securing a significant position in the rapidly growing tokenization space, now holding over $1.13 billion in total value locked (TVL) from Real World Assets (RWAs). This development comes as the network continues to evolve, recently deploying its major “Rio” upgrade on the Amoy testnet to enhance future scaling capabilities. This information comes from a new joint report on the state of the RWA market published on Sept. 17 by blockchain analytics firm Dune and data platform RWA.xyz. The focus on RWAs is intensifying across the industry, coinciding with events like the ongoing Real-World Asset Summit in New York. Sandeep Nailwal, CEO of the Polygon Foundation, highlighted the findings via a post on X, noting that the TVL is spread across 269 assets and 2,900 holders on the Polygon PoS chain. The Dune and https://t.co/W6WSFlHoQF report on RWA is out and it shows that RWA is happening on Polygon. Here are a few highlights: – Leading in Global Bonds: Polygon holds 62% share of tokenized global bonds (driven by Spiko’s euro MMF and Cashlink euro issues) – Spiko U.S.… — Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) September 17, 2025 Key Trends From the 2025 RWA Report The joint publication, titled “RWA REPORT 2025,” offers a comprehensive look into the tokenized asset landscape, which it states has grown 224% since the start of 2024. The report identifies several key trends driving this expansion. According to…
Share
BitcoinEthereumNews2025/09/18 00:40
Vitalik Buterin Reveals Ethereum’s Long-Term Focus on Quantum Resistance
TLDR Ethereum focuses on quantum resistance to secure the blockchain’s future. Vitalik Buterin outlines Ethereum’s long-term development with security goals. Ethereum aims for improved transaction efficiency and layer-2 scalability. Ethereum maintains a strong market position with price stability above $4,000. Vitalik Buterin, the co-founder of Ethereum, has shared insights into the blockchain’s long-term development. During [...] The post Vitalik Buterin Reveals Ethereum’s Long-Term Focus on Quantum Resistance appeared first on CoinCentral.
Share
Coincentral2025/09/18 00:31
Academic Publishing and Fairness: A Game-Theoretic Model of Peer-Review Bias
Exploring how biases in the peer-review system impact researchers' choices, showing how principles of fairness relate to the production of scientific knowledge based on topic importance and hardness.
Share
Hackernoon2025/09/17 23:15