Nejc Kodrič is suing Bitstamp, the crypto exchange he founded a decade ago, after an attempt by its new owners to acquire his remaining shares in the company.
The lawsuit was filed in the High Court of Justice in the United Kingdom on August 12. It concerns a call option exercised on July 21 by Bitstamp Holdings NV that would see the company acquire Kodrič’s remaining shares in Bitstamp for $13.46 million — a price he claims is “very significantly lower than the present value of the shares.”
Kodrič already sold two-thirds of his shares in Bitstamp when the company was acquired by Belgium-based investment firm NXMH, a subsidiary of South Korea’s NXC Corporation, in October 2018. But he retained a 9.8% stake and stayed on as CEO until October 2020.
His lawsuit reveals that, following the acquisition, Bitstamp laid plans to pursue a valuation of $1 billion through an initial public offering. It also contains details of how Kodrič was replaced as CEO and later denied the c

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