The CEO of cryptocurrency miner Layer1 Technologies has filed a lawsuit against the other two members of the company’s board of directors, one of whom is Jakov Dolic, co-founder of the company. The complaint alleges that the defendants violated various company policies and procedures. This allegation is bolstered by the plaintiff’s charges, which allege that the defendants misappropriated Layer1’s activities for their own benefit. The plaintiff is the one who filed this lawsuit.

The action against Dolic and board member Tobias Ebel was filed in the Delaware Court of Chancery on February 2 by John Harney, CEO of Layer1, and DGF Investments Inc., an investment corporation based in the Islands. British Virgins. Dolic and Ebel were named as the targets of the lawsuit. When the lawsuit was first filed against Dolic and Ebel, it was Harney and DGF Investments Inc. who initiated the legal proceedings by doing so.

The complaint alleges that both Dolic and Ebel took advantage of the lack of leadership at Enigma, Layer1’s parent company, to gain control of the Bitcoin mining company and run it as their “own personal fiefdom.” The complaint also alleges that they did it to enrich themselves financially. This is what the claims included in the lawsuit allege. It is speculated that this took place at Enigma, Layer1’s equity parent company, and that a power vacuum was used to accomplish the task.

Harney and DGF Investments Inc., which owns a majority stake in Enigma, claim that the defendants have “usurped the authority” of Layer1’s CEO and prevented Harney from “operating Layer1 responsibly.” They say this happened because the defendants “obstructed” Harney’s ability to “responsibly operate Layer1.” They assert that this event occurred as a result of defendants’ “obstruction” of Harney’s ability to “responsibly run Layer1.” They claim this is happening due to interference provided by the defendants, which prevents Harney from “running Layer1 responsibly.” Both accusations are presented as potential claims in the legal action that has been taken against the defendants.