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Jump Trading accuses ex-engineer of stealing IP for rival startup

Jump Trading accuses ex-engineer of stealing IP for rival startup

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Source: Coin Telegraph

Jump Trading has sued a former employee, claiming he stole the crypto firm’s intellectual property to help start a rival blockchain company.

Crypto firm Jump Trading has sued a former software engineer, accusing him of violating non-competition obligations and stealing intellectual property to help start a competing business.

In a Jan. 21 complaint filed in a Chicago federal court, Jump claimed its former employee, Liam Heeger, violated a non-compete obligation of his contract by running a “competitive business” that “directly competes with Jump.”

Jump said that Heeger worked as one of the lead software engineers on Firedancer, a “major blockchain project” at the firm, and helped analyze, design, write, and optimize blockchain code from February 2023 up until his resignation on Nov. 11, 2024. 

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Author: Stephen Katte