A former employee of Polychain, now a co-founder of Ritual, received millions of dollars in investment from the former in April

ChainCatcher news reports that, according to public information, former Polychain employee Niraj Pant, who violated regulations, is now a co-founder of the distributed AI computing platform Ritual.

It is worth noting that in April of this year, Ritual announced a multi-million dollar investment from Polychain Capital. In November 2023, Ritual announced the completion of a $25 million financing round, led by Archetype, with participation from Accomplice and Robot Ventures.

Yesterday, sources revealed that Polychain discovered former employee Niraj Pant had engaged in behind-the-scenes transactions with its portfolio project Eclipse during his tenure, indicating a violation of financial relations, and Polychain is currently investigating the matter.