- Sports activities blockchain mission Chiliz is dealing with a authorized battle over unpaid token compensation.
- The previous Korean worker claims that Chiliz didn’t ship promised tokens between 2020 and 2022.
- Chiliz fought again with civil and legal lawsuits, alleging breach of confidentiality and defamation.
Chiliz, a blockchain platform specializing in sports activities and leisure fan tokens, is dealing with a lawsuit from a former worker in South Korea who claims the corporate didn’t ship on promised token compensation price $10 million.
South Korean information outlet NoCutNews reviews that the previous worker claims Chiliz executives didn’t ship $10 million price of tokens that had been a part of his compensation package deal from 2020 to 2022.
The dispute started on April 19 when a former worker filed a lawsuit in opposition to Chiliz officers alleging that he was fired for elevating issues about unpaid tokens. The worker's lawsuit alleges that he carried out his duties as promised, however that the token compensation by no means materialized. The scenario escalated when the previous worker determined to take authorized motion, searching for justice and the compensation he believes he’s rightfully entitled to.
In response, Chiliz filed each civil and legal lawsuits in opposition to the previous staff for breaching confidentiality agreements and spreading false data to the media.
These actions have additional sophisticated the authorized battle as Chiliz seeks to guard its status and battle the allegations in opposition to the corporate.
Chiliz's civil lawsuit seeks damages for the injury the previous worker's actions prompted to the corporate's status and operations. The legal lawsuit revolves round a defamation declare, with Chiliz alleging that the previous worker's statements had been false and prompted injury.
However the authorized course of has not been fully in Chiliz's favor: In April, the previous staff misplaced a civil lawsuit searching for damages, and prosecutors dropped the defamation costs for lack of proof. The choice indicated that the proof offered by Chiliz didn’t meet the authorized customary required to show defamation.
Disclaimer: The knowledge offered on this article is for informational and academic functions solely. This text doesn’t represent any type of monetary recommendation or counsel. Coin Version will not be answerable for any losses incurred on account of the usage of the content material, merchandise, or companies talked about. Readers are suggested to train warning earlier than taking any motion associated to our firm.
