Canadian fintech company BlockCrushr accuses ConsenSys of stealing trade secrets

Canadian fintech company BlockCrushr filed a lawsuit in New York, accusing ConsenSys of stealing trade secrets. BlockCrushr said that the day before its product launch, ConsenSys was the first to launch Daisy payments, a regular payment platform based on Ethereum (ETH). ConsenSys used the trade secret disclosed in the accelerator program called Tachyon to start Daisy Payments. ConsenSys previously invested $100,000 in BlockCrushr to support the launch of its platform. After being invited to participate in ConsenSys’ Tachyon accelerator program, BlockCrushr founders Andrew Redden and Scott Burke subsequently “abandoned their lives” and moved to California in September 2018 to participate in the incubator project. BlockCrushr claims that in addition to the code provided for its payment platform, it also provides ConsenSys with access to all aspects of marketing, finance, technology and regulatory strategies. But in early March 2019, ConesenSys suddenly stopped contacting BlockCrushr and his team. BlockCrushr claimed that ConesenSys was unable to provide the additional funds previously promised, which resulted in the company firing several employees.