Bitcoin mining company Mawson has fired its CEO, accusing him of fraud and breach of trust obligations

According to The Miner Mag, Bitcoin mining and custody company Mawson Infrastructure has fired CEO and President Rahul Mewawalla and revoked his board seat, citing breach of trust obligations and fraudulent behavior. Mawson has filed a lawsuit with the Delaware Court of Chancery seeking compensation. Mewawalla previously received a bonus of $2.5 million and 1.2 million restricted shares for "high performance," with her annual salary rising to $1.2 million. He denied any inappropriate behavior in his response, emphasizing that under his leadership, the company's revenue increased by 36% and gross profit increased by 35%. In addition, Mawson has recently been involved in a lawsuit against NYDIG and its parent company Stone Ridge, involving custody disputes involving over 20000 mining machines worth $30 million.