Matter

BANKEX sues Matter Labs (ZKsync $ZK ) for theft of intellectual property. 😐

Matter Labs, developer of ZKSync, was sued by BANKEX in the Supreme Court of New York for alleged theft of intellectual property.

Two former employees, Alexandr Vlasov and Petr Korolev, were accused of copying the code from BANKEX's Plasma project from 2017 to develop Matter Labs.

Matter Labs denies all allegations, claiming that ZKSync was developed independently. The trial date is pending.

😆

#Zksync #ZK #Matter #EEUU #MarketRebound

🤝Matter Labs and Fermah have formed a partnership that will facilitate the mass adoption of $ZK

This partnership provides ZKsync with the following opportunities:

📌 Increased resilience through decentralization
📌 Reduced costs for proofs
📌 Improved scalability