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The Founder of MetaMask’s Parent Company Was Sued by More Than 20 Employees, Accusing Him of Embezzling Employee Assets

ConsenSys, the parent company of MetaMask, has recently been sued by over 20 early employees of the company. These lawsuits allege that Joseph Lubin attracted employees with lower salaries in the early days of the company, but promised them equity rewards. Around 30% of the company's shares were distributed to employees, and the employees involved in this lawsuit hold approximately 9% of the company's shares.

In 2020, Lubin transferred the company's assets to a new US-based company, rendering the stocks held by his early employees almost worthless. In this lawsuit, the employees are seeking compensation for the loss of equity value. Currently, ConsenSys is valued at over $7 billion. Founder Joseph Lubin was involved in the creation of Ethereum along with Vitalik Buterin. 

Ethereum Ethereum $3,367.56
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