Bitcoin miner Mawson ousts CEO amid fraud allegations

Mawson Infrastructure has dismissed CEO Rahul Mewawalla due to alleged breaches of fiduciary duties and fraudulent activities. This decision follows a $2.5 million bonus controversy, raising questions about his executive actions.

A lawsuit from Stone Ridge accuses Mewawalla of acquiring 20,000 ASIC miners without permission. Disputes over fees and access contributed to tensions, while Mewawalla defends his tenure’s achievements.

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