ZKSync in crisis: Developer Matter Labs accused of stealing core technology, under pressure from coin theft and shrinking ecosystem

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PANews
04-23
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Author: Nancy, PANews

One wave has not yet subsided when another rises. Recently, the trust crisis triggered by the ZKsync L2 project's airdrop distribution contract being hacked has not yet calmed down, and its developer Matter Labs has been embroiled in a legal dispute and public opinion storm due to suspected intellectual property theft.

Matter Labs Sued by BANKEX, Accused of Misappropriating Technology and Poaching Core Development Team

On March 19 this year, BANKEX digital asset banking platform CEO Igor Khmel and his affiliated entities filed a lawsuit in the New York State Supreme Court, accusing former employees Alexandr Vlasov and Petr Korolev of misappropriating BANKEX's core technology during their employment, privately establishing a competing company Matter Labs, and thereby obtaining over $450 million in venture capital.

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