Binance Listed Altcoin at Center of Legal Dispute: BANKEX Claims Theft

Matter Labs, the company behind Ethereum layer-2 scaling solution ZKsync (ZK), is embroiled in a lawsuit filed by defunct digital asset banking platform BANKEX. BANKEX alleges that the firm was unlawfully deprived of intellectual property during its early development stage. 2 former employees, Alexandr Vlasov and Petr Korolev, are accused of misappropriating company assets to launch Matter Labs after secretly transferring and building upon BANKEX’s blockchain technology. This has led to the lawsuit being filed in New York State Supreme Court on March 19.