Crypto wallet firm Exodus sues W3C and its CEO Garth Howat, seeking to compel $175M acquisition
CoinDesk
Exodus Movement is suing W3C and CEO Garth Howat to enforce a $175 million acquisition agreement following alleged contract violations.Summary
Crypto wallet provider Exodus Movement has filed a lawsuit in the Delaware Court of Chancery against W3C and its CEO, Garth Howat, to force the completion of a $175 million acquisition. Exodus alleges that the defendants are attempting to evade their obligations under a November 2025 agreement, which included $80 million in loans. The suit accuses Howat of financial misconduct, including the backdating of government documents and the illegal restructuring of subsidiary boards. Exodus maintains that the agreement is binding and expects the court to ensure full compliance.
(Source：CoinDesk)