Halifax startup Groundhog, which is developing technology to allow recurring cryptocurrency payments, is suing the parent company of California accelerator Tachyon, alleging breaches of contract and theft of trade secrets.
Groundhog -- incorporated under the name BlockCrushr Labs -- was part of the accelerator’s fall 2018 cohort and received US$100,000 (C$135,000) of investment from Tachyon owner ConsenSys Inc.
The lawsuit, filed in ConsenSys’s home state of New York, is alleging that Tachyon used its access to BlockCrushr’s corporate secrets to launch a competing product before the