Blockchain startup sues Brian Armstrong for allegedly stealing his work

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ResearchHub, a research website founded and self-funded by the following institutions Brian Armstrong, CEO of Coinbase, Allegedly based on works stolen from its unlaunched competitors, a new court document shows.

Blockchain accelerator MouseBelt Labs Archive A lawsuit was filed in the California Superior Court on Friday, alleging that Armstrong’s ResearchHub is connected to Knowledgr, a research platform invested by MouseBelt.

The document stated that Armstrong, while secretly launching its own competing project ResearchHub, provided investment to Knowledgr in order to steal part of the resources MouseBelt invested in Knowledgr.

According to the document, the founder of Knowledgr, Patrick Joyce, contacted Armstrong in early 2019 after the CEO of Coinbase formulated the principle of a “possible open source, scientific publishing platform.” article In February. According to reports, Armstrong became interested in Knowledgr and told Joyce that he might fund his research website to become a competitor, but he might also invest in Knowledgr after learning more.

But according to the plaintiff, “this is a complete trick” because Armstrong has “developed ResearchHub for more than six months” and “sees Joyce and Knowledgr as a dramatic hacker that saves time and costs”.

After leaving Knowledgr in April 2020, Joyce join in According to his LinkedIn profile, ResearchHub assumed the role of Chief Scientific Officer in May 2020.

The document stated that Armstrong’s ResearchHub aims to use tradable tokens in a similar way to Knowledgr. According to the plaintiff, Armstrong also provided Knowledgr the opportunity to list its tokens on Coinbase, the largest cryptocurrency exchange in the United States.

The document also stated that Armstrong first provided Knowledgr with investment and listing opportunities to destroy potential competitors and steal the project, stating:

“The intention of Armstrong and the other defendants is to steal the work of MouseBelt for themselves, not only to eliminate potential competitors, but to obtain the benefits of MouseBelt’s financial, design, and technical resources invested by Knowledgr for ResearchHub, so that ResearchHub can be launched more quickly. Lower costs to create a successful platform based entirely or basically on the work of MouseBelt.”

Representatives of Coinbase and MouseBelt did not immediately respond to Cointelegraph’s request for comment. This article will be updated while waiting for new information.

related: The U.S. government sued the court for stolen USDT of 11 million U.S. dollars by fake Coinbase representatives

based on Regarding the concept of the “Thoughts on How to Improve Scientific Research” post by Armstrong in early 2019, ResearchHub’s mission is to accelerate the pace of scientific research by providing “Scientific GitHub”.Open source projects allow researchers to upload articles and provide rewards for contributions use ResearchCoin (RSC), a newly created ERC-20 token.

According to some of Armstrong’s latest posts, ResearchHub has been actively looking for contributors recently.