Today7h ago
Project update
Exodus Sues W3C to Force Completion of Acquisition
Exodus Movement is suing W3C, the parent company of crypto card and payments specialists Baanx and Monovate, and its CEO, Garth Howat, to complete its $175 million acquisition of W3C.
Howat and W3C accepted $80 million worth of loans from Exodus upon signing the deal, with $10 million given to Howat personally, who then declared that they did not need to repay these loans, according to the lawsuit.
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