Former Theta Labs execs sue CEO for alleged fraud, price manipulation

Two former senior executives at Theta Labs, the developer of Theta Network (THETA), have filed a whistleblower lawsuit against CEO Mitch Liu, Decrypt reported. The suit alleges that Liu inflated the price of THETA through insider trading and false partnerships, including exaggerating a service contract with Google Cloud. The plaintiffs also claim Liu retaliated against employees who raised concerns. Liu has not issued a public statement regarding the lawsuit.