Crypto game project Mythical Games has sued three former top executives for violating their duties.

One of the current problems of the crypto industry has been the effects of bad actors. Caroline Ellison drew attention to the manipulations of CEO Sam Bankman Fried and Alameda during the process of FTX. On the other hand, Terra founder Do Kwon was also the architect of a multi-billion dollar crypto crash. In these days when it is generally discussed that regulations should come, it is planned to prevent the bad players of the crypto market. Finally, Mythical Games went to court due to the actions of its three former senior executives against the company.

Mythical Games Blames Its Three Former Executives

Crypto gaming platform Mythical Games has filed a lawsuit against three former top executives in the California State Supreme Court. The lawsuit includes the activities of the names who are supposed to work for the company.

The game project, which reached a valuation of $ 1 billion last year, gave the task of raising funds to the company to its executives, who were sued. The company claims to have introduced its executives to United Arab Emirates (UAE)-based Cypher Capital.

The three former executives who were sued were Rudy Koch, Chris Ko and Matthew Nutt. Among these names, Koch served as the founding partner of the company. Nutt became chief operating officer, while Ko became chief investment and strategy officer.

According to the game company, these three names were tasked with raising money for a new fund called Mythical Ventures, and individuals used this situation for their own benefit. Individuals who went to Cypher Capital raised investment in a separate business plan rather than attracting investment in their company.