Former executives of RWA Company accused partners of breach of trust to seize control of the company's stablecoin project to establish M0.

PANews reported on October 23 that Max Glass, a former executive of the crypto assets consulting firm RWA Company, has filed a lawsuit in the Delaware Chancery Court, accusing the company of illegally terminating his contract to seize control of a lucrative stablecoin project that ultimately evolved into the blockchain payment infrastructure platform M0. Glass claims that RWA Company controlling members Gregory DiPrisco and Joseph Quintilian conspired to carry out a “breach of trust” by forcibly pushing him out of the company and unlawfully taking over the stablecoin business. Glass alleges that the two forced him to “waive his rights” prior to launching the M0 project and fraudulently obtained the company's intellectual property, transferring the original collaboration project with the German fintech company CrossLend to M0. He emphasized that "M0 is based on the collaboration results of RWA Company and CrossLend, while he has been excluded from ownership and profit distribution. Glass is seeking damages and confirmation of his legal rights in the original stablecoin project. His lawyer stated that the defendants have been concealing the true relationship between RWA, CrossLend, and M0 for many years.