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Title: Kaisar Limited, Vietnam Affiliate and Co-Founder Phuong Pham Named in Delaware Lawsuit Over Signed Refund Agreement

United States, 29th Jul 2026 -  A civil action is pending in the Delaware Superior Court against Kaisar Limited, a Hong Kong company, its Vietnam affiliate Kaisar Network Co., Ltd., and Kaisar co-founder and chief operating officer Phuong Pham, also known as Pham Van Phuong, individually. The plaintiff is Ian Staley, an early advisor and seed investor in Kaisar Network.The case is captioned Staley v. Kaisar Limited, et al., C.A. No. N26C-01-289.The complaint pleads breach of contract, fraudulent inducement and promissory estoppel, and seeks $305,000 in total damages. At its center is a binding settlement addendum executed on July 22, 2025, under which Kaisar agreed that if it did not complete its token generation event by October 30, 2025, it would refund Staley's $100,000 principal plus five percent interest, a total of $105,000, no later than November 15, 2025. The addendum is governed by Delaware law and specifies Delaware courts as the exclusive forum. Pham signed it on Kaisar's behalf.The token generation event did not occur. According to the complaint, no payment has been made.The complaint further alleges a sequence of written commitments that were not honored. In late October 2025, Kaisar's chief operating officer confirmed in writing that the full $105,000 would be paid by the November 15 deadline. On November 1, 2025, he stated the payment would instead be made within approximately two months. In December 2025, across three separate emails, he committed personally to paying $110,000, representing principal plus $10,000 in interest, no later than February 20, 2026. That date passed more than five months ago.The complaint also alleges that Kaisar acknowledged in writing that funds were available and were directed to other purposes, including hardware p...

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