Crypto wallet company Exodus is suing the W3C and its CEO, demanding the fulfillment of its $175 million acquisition agreement.

CoinFeed reported on April 14th that, according to CoinDesk, cryptocurrency wallet company Exodus Movement has filed a lawsuit in Delaware Court of Chancery against W3C and its CEO Garth Howat, seeking to compel the completion of the $175 million acquisition of W3C under the stock purchase agreement signed by both parties on November 24, 2025. The complaint alleges that Howat and W3C accepted an $80 million loan from Exodus after signing the agreement, with $10 million going to Howat personally, but Howat and W3C subsequently claimed they were not obligated to repay these loans. Exodus also accuses the defendants of attempting to steal millions of dollars from its subsidiaries, falsifying document dates submitted to government agencies, and dismissing key operating entity board members, as well as the CEO and CFO, in violation of the agreement.