The creator of a security token startup was arrested on charges of intimately assaulting a small, Canadian authorities said.

Trevor Koverko, previous CEO of Polymath, had been taken into custody on March 14 by Toronto authorities, a representative for the department, Caroline de Kloet, told us Wednesday. He’s got apparently deleted his Twitter.

Koverko is faced with “sexual disturbance by having a individual under 16 several years of age” (part 151 of Canada’s Criminal Code) and attack that is “sexual (C.C. 271), stated de Kloet.

Chris Housser, Polymath’s other creator and CEO that is interim Koverko resigned from his part at Polymath on Feb. 8, 2021, well before the arrest.

“He doesn’t have any role utilizing the company so any allegations which are prospective entirely unrelated to Polymath,” Housser stated.

An attorney for Koverko could never be situated instantly. The Toronto authorities spokesperson stated Koverko is due in court on May 7. An initial hearing that is virtual place on March 14.

Koverko and Housser founded Polymath in 2017 being a firm that may help security tokens on its polymesh that is indigenous blockchainthough it initially operated on Ethereum). It raised $59 million with an coin that is initial in 2018.