Blockchain Company’s Co-Founder Accused of ‘Wrongful Possession’ of $50M Worth Of Cryptocurrency

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Swiss blockchain company Singular DTV sued the company’s co-founder and former CEO Monday in New York Southern District Court. The complaint, filed by Kobre & Kim, accuses Zachary James LeBeau of misappropriating trade secrets and seizing $50 million worth of the cryptocurrency Ether by surreptitiously reconfiguring the company’s electronic wallet.

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