- Coinbase (NASDAQ:COIN) 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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