NFT Wallet Co. Says Execs Swiped Secrets For Rival Apps – Law360


By Jasmin Jackson (May 17, 2022, 7:00 PM EDT) — Nonfungible token wallet company Banq Inc. has slammed a trio of former top executives with a trade secrets suit in Nevada federal court, contending that they stole confidential data and company assets before leaving to launch two rival NFT platforms.

Banq, a mobile application that lets users store and transfer NFTs, said in a complaint filed Monday that Banq’s former CEO, chief technology officer and chief compliance officer drained it of its intellectual property, including the technological infrastructure for NFT and cryptocurrency transactions.

According to the filing, the trio formed named defendants Fortress NFT Group Inc. and Planet NFT Inc. at…

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