NFT app Rebase co-founder denies going ‘rogue’ as alleged in suit by partner

This article was updated to reflect that Rebase and Edmond Truong deny the claims put forward, in addition to recent comments shared by Krzysztof Gagacki.

Nonfungible token (NFT) project Rebase and its co-founder Edmond Truong has categorically denied accusations made by fellow co-founder and business partner, Krzysztof Gagacki in a recent lawsuit filing.

Gagacki claimed in an April 17 filing that Truong went “rogue” by stealing $2 million from a joint crypto wallet and ousted him from the firm.

In total, eight separate claims were made against Truong in a United States District Court in California, including breach of contract, breach of fiduciary duty, defamation and trademark infringement. Gagacki is now demanding a jury trial.

Gagacki told Cointelegraph that he has shared “a wealth of evidence” with the United States Federal Bureau of Investigation (FBI) and the U.S. Attorney’s office to support his claims.

In a message to Cointelegraph, Rebase stressed that Gagacki’s claims are “not true and contain misinformation.”

The firm explained that its legal team is now working on finding the root cause of Gagacki’s claims, which they say have caused concern to their stakeholders:

“Our legal team is currently investigating the source of the false information and will take appropriate action to protect the interests of our company and our stakeholders.”

“We take our responsibility to maintain the trust and confidence of our clients, employees, and investors very seriously and will not tolerate any misrepresentation of our company or its operations,” the firm added.

While it is unclear exactly when the professional relationship between the two deteriorated, Gagacki alleged that Truong breached a partnership contract on Oct. 27, 2022, by misappropriating $2 million into a separate wallet owned and controlled by Truong without his consent.

Gagacki claims to own a 50% share of the funds and says Truong refuses to provide him with the private keys to the digital wallet. Truong, in turn, denied the claims when speaking to…

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