【Former executives of Theta accuse the company's CEO of fraud and retaliation】Golden Finance reports that two former executives of blockchain company Theta Labs have filed a whistleblower lawsuit in California, accusing the company and its CEO Mitch Liu of engaging in fraud, market manipulation, and retaliation for many years. Former executives Jerry Kowal and Andrea Berry filed lawsuits in the Los Angeles Superior Court, alleging that Liu used Theta Labs and its parent company Sliver VR Technologies to inflate token prices through misleading collaborations and undisclosed insider token sales, while retaliating against employees who raised concerns. The lawyer representing Jerry Kowal pointed out that Mitch Liu treated Theta Labs as a personal trading tool, executing fraud, self-serving trades, and market manipulation. Liu's meticulously planned pump-and-dump schemes have repeatedly rendered the investments and value of employees worthless. The schemes Liu is suspected of also include "generating false bids for NFTs," some of which are related to high-profile collaborations with celebrities like Katy Perry. Berry's lawsuit also targets Theta's previous statements regarding Google, accusing the company of publicly distorting a routine cloud service agreement into a strategic partnership. The lawsuit also pointed out two other self-serving trading behaviors, alleging that "Theta's so-called partners are actually other companies created and wholly owned by Liu."

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