Jump sues former Firedancer engineer Liam Heeger for breach of non-compete agreement

Odaily Planet Daily News Jump Trading has filed a lawsuit against its former software engineer Liam Heeger, accusing him of violating a non-compete agreement and currently operating a "competing company." According to the lawsuit filed by Jump Operations on Tuesday, Jump claims that Heeger started a new blockchain development business after resigning from Jump's important blockchain project Firedancer, and the company "directly competes with Jump." The company is currently valued at $50 million, which directly violates his non-compete agreement. Jump's lawsuit against Heeger occurred after the launch of Unto Labs, co-founded by Heeger, which aims to build a new Layer 1 blockchain. In response, a spokesperson for Unto Labs said that Heeger and Unto Labs "firmly deny these allegations" and are "confident in the integrity of our business practices." "While we respect the legal process, we believe that the allegations against Liam are unfounded," the spokesperson said. "We believe we are building something completely new and look forward to seeing the future development of this project." Unto also said that its operations will proceed as usual. (The Block)