Jump Trading Claims Former Engineer Stole Intellectual Property for Competing Startup 🫤
Jump Trading has sued a former employee, claiming he stole the crypto firm’s intellectual property to help start a rival blockchain company.
Crypto firm Jump Trading has sued a former software engineer, accusing him of violating non-competition obligations and stealing intellectual property to help start a competing business.
In a Jan. 21 complaint filed in a Chicago federal court, Jump claimed its former employee, Liam Heeger, violated a non-compete obligation of his contract by running a “competitive business” that “directly competes with Jump.”
Jump said that Heeger worked as one of the lead software engineers on Firedancer, a “major blockchain project” at the firm, and helped analyze, design, write, and optimize blockchain code from February 2023 up until his resignation on Nov. 11, 2024.
In a Jan. 22 X post, under the handle Cantelopepeel, Heeger said he left Firedancer to found Unto Labs, which would work on creating a “next generation layer-1 blockchain.
Jump alleged Heeger “both developed and had considerable access to highly sensitive confidential and/or proprietary information, including knowledge and information on business plans and strategies, blockchain models, unreleased codebases, and software tools.
Jump Trading has filed a lawsuit against a former employee, accusing him of stealing the company’s intellectual property to assist in launching a competing blockchain firm.
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