Matter Labs, the company behind Capa 2 Blockchain Zksync, has been sued by Bankex, a disappeared digital asset banking platform, due to intellectual property theft.
The former Bankex employees, Alexandr Vlasov and Peto Korolev, stole the company’s technology to start the subject laboratories, which received more than $ 450 million in risk capital funds and has become an important player in the blockchain industry, the Bankex CEO, Igor Khmel, and the Bankex Foundation alleged in a complaint presented on March 19 with the Supreme Court of the Supreme Court of the Supreme Court of the Supreme Court. New York.
The complaint alleged that Bankex was approached by the Ethereum co -founder, Vitalik Butein, in 2017 to build operational software for “Plasma”, a technology that was seen at that time as a way of making Ethereum be cheaper to use.
According to the complaint, Alexandr Vlasov and Petr Korolev were employees of Bankex at that time and were commissioned by the CEO of Bankex, Igor Khemel, to complete the Plasma project.
The complaint alleged that Vlasov and Korolev secretly developed “a competitive company, Matter Labs, through which they intended to appropriate Bankex’s blockchain technology for their own use and benefit and compete with Bankex.” In addition, the complaint said that the two developers were transferring in secret “Bankex technology to the subject laboratories and developed and stored operating code bases” using the resources and financing of the company.
Vlasov is currently the head of R&D at Matter Labs, and Korolev is the founder of the Blockchain Oxorio security firm, according to his LinkedIn profiles. The co-founder of Matter Labs, Alex Gluchowski, the crypto-native investment fund, Dragonfly, and Chris Burniske, partner of the capital position marker and former co-director of Matter Labs, are also being sued for their alleged participation and knowledge of the robbery.
“We believe that these statements are completely without merit,” said a spokesman for Matter Labs to Coindesk in a statement sent by email. “The impulse of the complaint is that the laboratories of the subject built ZKSYNC in addition to the code that originally developed in Bankex. This is categorically false. ZKSYNC is an original technology that is not based or derived from any code developed by Bankex. We support the integrity of our work and hope to address these accusations infalited in court once they serve us.”
Dragonfly, Burniske and Korolev did not respond to multiple requests for comments.
Bankex’s lawyer, Clayton Mahaffey, told Coendesk in a statement that the company “prefers not to comment on the case at this time, apart from reiterating its belief that the accusations on the complaint are well founded and that it awaits its day in court.”
Read more: Matter Labs accuses the propagation of “false claims” with accusations of copies of code
