Canadian fintech firm BlockCrushr is suing ConsenSys for intellectual property theft.
BlockCrushr accused ConsenSys of launching ETH-based recurring payment platform Daisy Payments just a day before BlockCrushr launched its own similar platform. BlockCrushr claims that ConsenSys gained full access to its technologies and plans during the company's development at the ConsenSys incubator. BlockCrushr was a member of the ConsenSys Tachyon Accelerator program.
“The Defendants launched Daisy Payments using trade secrets that Burke and Redden disclosed during the Tachyon Accelerator program,” BlockCrushr said in a statement.
The plaintiffs admit that ConsenSys invested $ 100,000 in BlockCrushr to launch the platform. After starting participation in the Tachyon Accelerator program in 2018, the founders of the startup moved to California. They provided full access to "any marketing, financial, technical and strategic information, as well as the platform code and their own technical solution."
However, according to the lawsuit, in early March 2019, ConsenSys suddenly cut off all communication with BlockCrushr and the startup team. The company did not transfer the promised funds, so the startup had to lay off some of its employees. Plaintiffs are seeking a permanent injunction against Daisy Payments, damages and legal costs, and payment of profits derived from stolen technology.
Recall that earlier Australian Craig Wright threatened a lawsuit against the Bitcoin Core developers, accusing them of infringing on his intellectual property.