Blockchain Company's Co-Founder Accused of 'Wrongful Possession' of $50M Worth Of Cryptocurrency
This suit was surfaced by Law.com Radar. Read the complaint here.
November 30, 2021 at 05:04 PM
1 minute read
Business Torts
Swiss blockchain company Singular DTV sued the company's co-founder and former CEO Monday in New York Southern District Court. The complaint, filed by Kobre & Kim, accuses Zachary James LeBeau of misappropriating trade secrets and seizing $50 million worth of the cryptocurrency Ether by surreptitiously reconfiguring the company's electronic wallet.
Singular DTV is focused on the creation of a blockchain-based system for the distribution and licensing of film and TV content. Counsel have not yet appeared for the defendants.
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