A lawsuit filed Friday in California by MouseBelt Labs, a blockchain accelerator, aims to show that if you’re the CEO of Coinbase. Maybe, you will use wealth to hijack the initiative.
Also, The source of the debate is Knowledgr, a blockchain platform for disseminating scientific articles. Of course, with the intention of using tradeable tokens as a kind of reward.
Furthermore, Patrick Joyce works on Knowledgr with MouseBelt’s technical and financial assistance.
More so, The accelerator starts communicating with Joyce in 2018. But, the two only signs all of the necessary agreements in May 2019 to begin working together.
Firstly, everything works fine as Joyce looks to fulfill her objectives, and MouseBelt to satisfy its contractual responsibilities.
However, The lawsuit claims that when Brian Armstrong, the CEO of Coinbase, comes onboard everything is not the same.
So, as per the lawsuit, Armstrong is secretly working on a similar project “ResearchHub”. Also, how far ahead Knowledgr’s development is.
Additionally, Mousbelt claims that the Coinbase CEO wants the easy way out. Thereby, leveraging on Knowledgr’s resources to move his project forward, saving time and I+D costs:
“It was Armstrong’s and the other Defendants’ intent to steal MouseBelt’s work for themselves,…”
“to not only eliminate a potential competitor but to obtain for ResearchHub the benefits of the…”
“financial, design, and technical resources MouseBelt put into Knowledgr,…”
“thereby allowing ResearchHub to launch sooner at less cost a…”
“successful platform based entirely or substantially on MouseBelt’s work.”
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