A former employee of Polychain, now a co-founder of Ritual, received millions of dollars in investment from the former in April

2024-07-11 14:38:10

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ChainCatcher news reports that, according to public information, former Polychain employee Niraj Pant, who violated regulations, is now a co-founder of the distributed AI computing platform Ritual.

It is worth noting that in April of this year, Ritual announced a multi-million dollar investment from Polychain Capital. In November 2023, Ritual announced the completion of a $25 million financing round, led by Archetype, with participation from Accomplice and Robot Ventures.

Yesterday, sources revealed that Polychain discovered former employee Niraj Pant had engaged in behind-the-scenes transactions with its portfolio project Eclipse during his tenure, indicating a violation of financial relations, and Polychain is currently investigating the matter.

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