- Chiliz, a blockchain undertaking for sports activities, faces a lawsuit over unpaid token compensation.
- A former Korean worker claims that Chiliz didn’t ship promised tokens between 2020 and 2022.
- Chiliz faces civil and felony lawsuits, alleging breach of confidentiality and defamation.
Chiliz, a blockchain platform specializing in sports activities and leisure fan tokens, is going through a authorized problem from a former Korean worker who claims the corporate didn’t ship promised compensation for the $10 million token.
South Korean information web site NoCutNews stories {that a} former worker claims that Chiliz officers didn’t ship the promised $10 million price of tokens that had been a part of his compensation package deal from 2020 to 2022.
The dispute started when a former worker filed a lawsuit towards Chiliz officers on April 19, saying he was terminated as a result of considerations about unpaid tokens. The worker's lawsuit alleges that he fulfilled his duties as promised, however the token compensation by no means materialized. This example escalated when the previous worker determined to take authorized motion, looking for the justice and compensation he believes he’s rightfully entitled to.
In response, Chiliz filed civil and felony fees towards the previous worker for breach of non-disclosure agreements and spreading false data to the media.
These actions have added one other layer of complexity to the authorized battle as Chiliz tries to defend his fame and face the allegations leveled towards him.
Chiliz's civil swimsuit seeks damages from the previous worker, saying his actions broken the corporate's fame and operations. The felony case revolves round allegations of defamation, with Chiliz claiming the previous worker's statements had been false and damaging.
Nevertheless, the court docket proceedings weren’t totally favorable to Chiliz. In April, the previous worker misplaced a civil swimsuit for damages, and prosecutors dropped defamation fees as a result of a scarcity of proof. This determination means that the proof offered by Chiliz didn’t meet the required authorized requirements to show defamation.
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