RATE Group | Consensys Inner Conflicts Spark Legal Action Against Founder
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Consensys Inner Conflicts Spark Legal Action Against Founder

25 Jul Consensys Inner Conflicts Spark Legal Action Against Founder

Posted at 15:35h in Bitcoin News by

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Ethereum cofounder Joseph Lubin was recently summoned to court in New York when a former employee initiated a lawsuit for more than $13 million. According to the summons stemming from former Token Foundry CEO, Harrison Hines, relief was being sought for alleged unpaid profits, fraud, unjust enrichment, and breach of contract.

Also Read: Another Self-Proclaimed Satoshi Appears in the High Profile Bitcoin Lawsuit

Consensys Founder Summoned to Court

A New York-based court summons dated June 5 shows that Joseph Lubin was accused by his former employee, Harrison Hines, of a variety of abuses tied to the Token Foundry project. Lubin is the founder of Consensys and one of the many cofounders of the Ethereum project. Hines’ legal council states in the summons that the action is due to a breach of contract. Additionally, the plaintiff is seeking damages for unpaid profits, and fraud connected to the Consensys satellite project called Token Foundry. The project…

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