Coinbase CEO stole work from a rival blockchain startup. Armstrong was reportedly working on a platform for publishing academic research. …Read More…

Coinbase CEO stole work from a rival blockchain startup.
Armstrong was reportedly working on a platform for publishing academic research.
Coinbase has not yet made a public statement on the matter.

The Coinbase CEO reportedly stole ideas from a blockchain startup for a viral project under the idea of a possible investment. Meanwhile, it is said that the cryptocurrency exchange committed fraud, according to a lawsuit.

In detail, Coinbase CEO Brian Armstrong was creating a platform for publishing academic research that used tradable tokens when he discovered a similar platform called Knowledgr. This is according to a complaint filed by MouseBelt Labs, a blockchain accelerator that had invested and worked in Knowledgr. Like Knowledgr, Armstrong’s ResearchHub would award participants with tokens similar to Bitcoin.

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