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Matter Labs, ZKsync Developer, Sued for Alleged Intellectual Property Theft

Defunct blockchain firm BANKEX said two ex-employees stole its technology to build ZKsync, but a spokesperson at Matter Labs called the allegation "baseless."

By Margaux Nijkerk|Edited by Sam Kessler, Aoyon Ashraf, Nikhilesh De

Updated Apr 22, 2025, 4:20 p.m. Published Apr 22, 2025, 2:56 p.m.

Matter Labs CEO Alex Gluchowski (Margaux Nijkerk/CoinDesk) — Matter Labs CEO Alex Gluchowski was named in a lawsuit from BANKEX, which alleged ZKsync was built using stolen technology. (Margaux Nijkerk/CoinDesk)