Cryptocurrency company Exodus sues W3C to fulfill $175 million acquisition agreement

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ME News, April 14 (UTC+8): publicly traded cryptocurrency company Exodus Movement has filed a lawsuit in the Delaware Court of Chancery against W3C and its CEO, Garth Howat, seeking to require them to perform the $175 million acquisition agreement signed on November 24, 2025. The lawsuit alleges that Howat and W3C, at the time of signing the transaction, accepted an $80 million loan provided by Exodus, with $10 million paid to Howat personally. Exodus accuses the defendants of attempting to misappropriate subsidiary funds, backdate government documents, and replace management in order to evade their obligations under the transaction. Exodus says the agreement is binding and expects the transaction to be carried out. (Source: MLion)

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