Matter Labs, the company behind layer-2 blockchain ZKSync, has been sued by BANKEX, a defunct digital asset banking platform, for intellectual property theft.
Former BANKEX employees Alexandr Vlasov and Petr Korolev stole the company’s technology to start Matter Labs, which received over $450 million in venture capital funding and has become a major player in the blockchain industry, BANKEX CEO Igor Khmel and the BANKEX Foundation alleged in a complaint filed Mar. 19 with the New York State Supreme Court.
The complaint alleged that BANKEX was approached by Ethereum co-founder Vitalik Buterin in 2017 to build operational software for „Plasma,” a technology that was seen at the time as a way to make Ethereum cheaper to use.
According to the complaint, Alexandr Vlasov and Petr Korolev were BANKEX employees at the time and were tasked by BANKEX CEO Igor Khemel with completing the Plasma project.
The complaint alleged that Vlasov and Korolev instead secretly developed “a competing com
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