Former Executive Sues RWA Company Over Alleged Contract Dispute and Control of Stablecoin Project

A former executive at cryptocurrency consultancy RWA Company has initiated legal action against the company in the Delaware Court of Chancery. Max Glass alleges that his contract was unlawfully terminated to enable RWA Company stakeholders Gregory DiPrisco and Joseph Quintilian to seize control of a profitable stablecoin project, which evolved into the blockchain payment infrastructure platform M0. Glass claims they orchestrated a breach of trust by removing him from the company and subsequently acquiring full ownership of the stablecoin business. He alleges that before the launch of M0, he was coerced into relinquishing his rights and that the defendants fraudulently acquired company intellectual property, transferring the original collaboration with German fintech firm CrossLend to M0. Glass emphasizes that M0 was developed through a collaborative effort between RWA Company and CrossLend but excludes him from ownership and profit distribution. He seeks damages and recognition of his legitimate interests in the original stablecoin project. His attorney asserts that the defendants have concealed the true relationship between RWA, CrossLend, and M0 for years.