As per Chainthink, on December 30, 2025, The Block reported that Neel Somani, founder of Ethereum L2 protocol Eclipse, has stepped down as executive chairman effective October 2025. Somani stated the move allows him to focus full-time on machine learning and other intellectual research. He founded the company in 2022, raised $15 million in seed funding to build a scaling solution using Solana Virtual Machine (SVM), and shifted to high-performance Ethereum L2 in 2023. After securing $50 million in Series A funding in 2024, he transitioned from CEO to executive chairman. The change is founder-led and pre-planned, with no impact on equity or board authority.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.
