JUST IN: Consensys accused of stealing the idea behind MetaMask. The company denies the allegation. realDannyNelson reports
Consensys’ MetaMask is the most important Ethereum crypto wallet.In a lawsuit filed in state court in San Francisco on Tuesday, Joel Dietz, an entrepreneur who says he spearheaded early efforts to build a browser-based digital wallet, accused the Ethereum-focused developer firm Consensys of writing him out of its history and stealing his share of its treasure.
A Consensys spokesperson said: “Joel Dietz is an individual we understand to have been falsely marketing himself as the founder of MetaMask in an attempt to sell tokens or gain investment from unsuspecting investors globally. Joel Dietz is not a founder of MetaMask, has no relation to MetaMask or any of its technology and we look forward to the court promptly disposing of these frivolous claims. MetaMask was founded by Aaron Davis and Dan Finlay in 2016.
Within this group, Dietz fashioned himself as the product’s visionary, spokesperson and fundraiser, while Becze and Davis were its primary coders, according to the lawsuit. He said they planned to build it as an open-source project but had a road map to eventually monetize it by imposing fees on users who swap between different cryptocurrencies within the app.
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