Former employees of The Arena accuse the company of long-term non-payment of salaries and token distributions.
3 days ago
Former Rove/The Arena employee Amy Street has published an article alleging she resigned last year due to prolonged delayed pay, and nearly a year later, her outstanding reimbursements and compensation have not been fully settled. She also has yet to receive a full accounting for a large token allocation she earned during her tenure. Street stated she used her personal credit card to cover company event costs; though Rove’s Jason DeSimone, the responsible party, had promised in writing to end payment delays, the issue continued. After her departure, Rove demanded she sign a "termination agreement" to receive her final salary and token allocation details. In September this year, she was informed all funds had been paid via on-chain transactions, but no such transactions appeared in her checks. She then provided her Solana address and requested a small test transfer, but received no reply to her email. She also noted the Rove app has been inaccessible for roughly a year, with no prior shutdown notice or asset withdrawal window offered, leaving some users still unable to access their funds. Street said she has preserved payment records, wallet history, and written communications, and is pursuing outstanding funds, token allocation accounting, and asset access rights through legal counsel.
HyperLabs has transferred 1.875 million HYPE tokens to the wallets of five OTC buyers.
1 hours ago
Eric Trump: AI will become the fastest driver of growth for the crypto industry, and capital will continue to rotate between the two sectors.
1 hours ago
Hacker who stole nearly $55 million from Uranium Finance found guilty, faces up to 20 years in prison.
1 hours ago
Chair of the U.S. House Financial Services Committee: SEC and CFTC’s crypto regulatory actions remain insufficient, and he hopes the CLARITY Act will be passed after the midterm elections.
1 hours ago
HyperLabs has completed the unstaking redemption of 3.75 million HYPE, equivalent to approximately $332 million.
1 hours ago
Escalating tensions in the Middle East boost safe-haven demand, with the US Dollar Index approaching its year-to-date high.
1 hours ago
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