According to MouseBeltLabs, which invests, supports and mentors startups in the blockchain industry, the CEO of Coinbase has submitted an investment proposal in a project they have already invested in.
It is claimed that after MouseBeltLabs’ investment, he made an offer to a platform called Knowledgr that can access scientific articles in exchange for tokens. .
MouseBeltLabs, ResearchHub‘of Knowledgr stating that Armstrong interfered with a contract and would gain unfair advantage. California Supreme Courtto which he complained. According to the complaint, Armstrong used financial support and tokens to invest in the company. CoinbaseHe made offers such as to list in .
MouseBeltAccording to ‘s claim, Armstrong contacted Patrick Joyce, the developer of Knowledgr in June 2019, to see how the investment went in the future. Coinbasefor Knowledgr to make a bigger investment %onepersonally, despite the share of 50 thousand dollars submitted an offer. $50,000 mid-July 2019 Knowledgrforwarded to
Still MouseBeltArmstrong argued that he would not only eliminate a potential competitor, but would also benefit from MouseBelt’s financial and technical investments in Knowledgr. In this way ResearchHub, MouseBeltIt would be implemented successfully and at a much lower cost by taking advantage of
According to another claim to Armstrong Joyce, Misleads MouseBelt while working as CEO at Knowledgr He promised to give her a job.
Coinbase representative:
“We believe all these allegations are meaningless, and we look forward to defending our rights in court and proving ourselves.”
said.