Crypto Mining Layer1 CEO Accuses Two Other Board Members of Looting Business and Seizing Control

According to Cointelegraph, John Harney, CEO of renewable energy encryption mining company Layer1 Technologies, has filed a lawsuit in Delaware court against two other board members (Tobias Ebel, co-founder Jakov Dolic), alleging that they expropriated for private benefit Layer1 business. The suit alleges that both Dolic and Ebel took advantage of the power vacuum at Layer1 parent company Enigma to seize control of the company and operate it as "their own personal fiefdom," including executing "large, unauthorized operations that were not recorded in Layer1's financial reports." transactions", and they use Layer1 operations to mine bitcoins as their retained income. Meanwhile, John Harney and DGF Investments, which owns a majority stake in Enigma, claim that the defendants "usurped the power of Layer1's CEO" and prevented it from "operating Layer1 responsibly." John Harney stated that Dolic falsely claimed that he owned 77% of Layer1's equity, and had actually sold all his Layer1 shares to Enigma for $16 million on January 24, 2022, so he hoped to seek relief from the court through an injunction, The defendant pays the fee and orders the appointed custodian to run the company.