Coinbase CEO Brian Armstrong sued for industrial espionage

Armstrong allegedly worked on a platform for the publication of scientific research results with tradable tokens. These tokens should reward users for their efforts in the ecosystem called "Research Hub".

Specifically, the plaintiff claims that Armstrong had learned from a platform called Knowledgr, which already pursued a similar goal. Armstrong offered a financial participation, the details of which included the listing of the tokens on Coinbase. Mousebelt Labs himself invested in Knowledgr at the time, it said.

Mousebelt Labs now claims that Armstrong had actually had no serious interest in growth from Knowledge, but only wanted to eliminate a future competitor in advance and adapt his concept to his own platform. If this is true, it is a classic case of business espionage.

Mouseblelt Labs would have been harmed in this case too, because their participation in the startup Knowledge would never have had a chance to become profitable.

Coinbase will probably combat the case