The co-founder of the startup behind last year's Bella Hadid-themed NFT collection is suing his business partner for $77 million, accusing him of having "gone rogue," stealing millions in crypto and taking control of the company.

Krzysztof Gagacki, the co-founder of online NFT game Rebase, alleged that Edmond Truong stole about $2 million in crypto in October from a wallet they both controlled, according to a 22-page document filed with a U.S. court this week. Truong has also allegedly excluded Gagacki from the company's operations, including starting talks to issue Rebase’s planned token on the Arbitrum blockchain without his co-founder's knowledge. 

Truong "has ousted Mr. Gagacki from their joint venture and is now holding himself out to third parties as the sole owner and decisionmaker for the Rebase app," the filing alleges. 

Gagacki estimates that Rebase is worth more than $150 million and is seeking damages of at least $77 million, plus interest. 

(by Andrew Rummer)