Bitcoin mining company Mawson has fired its CEO over alleged fraud and misconduct
Online reports, According to The Miner Mag, bitcoin mining and custody company Mawson Infrastructure has fired CEO and president Rahul Mewawalla and revoked its board seat on the grounds of breach of fiduciary obligations and fraud. Mawson has filed a lawsuit in the Delaware Chancery Court seeking compensation. Mewawalla had previously received a $2.5 million bonus and 1.2 million restricted stock shares for "high performance", and her annual salary rose to $1.2 million. In response, he denied wrongdoing and emphasized that under his leadership, the company's revenue increased by 36% and gross profit increased by 35%. In addition, Mawson has recently been involved in a lawsuit filed by NYDIG and its parent company Stone Ridge, involving a custody dispute involving more than 20,000 mining machines worth US$30 million.
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