Ex-Employee Sues Startup Behind Zcash for $ 2 Million Over Unpaid Stock

Ex-Employee Sues Startup Behind Zcash for $ 2 Million Over Unpaid Stock

A former employee, Simon Liu, is suing the Zerocoin Electric Company Company for $ 2 million over unpaid documents filed on May 29.

Zerocoin is the organization behind the popular cryptocurrency Zcash (ZEC).

The complaint, file in the Superior Court of San Francisco, alleges Zerocoin

Simon Liu joined Zerocoin from Senior Software Engineer in August, 2016. At that time, Liu entered into a contract with the company to receive “incentive stock options”. Liu 15,000 units.

Liu, who resigned on May 28, 2019, now argues that “Zerocoin“, and that defendants aren't sure when it comes back to the market. ” then counted out of 1,345,486 units.

“Defendants knew the truth [that over a million units of Zerocoin existed], ”Argued Liu’s representative Seth Wiener in the complaint. He was true.

On December 31, 2018 the company provided a status update t "" T. T

Before the lawsuit, company representatives Liu´s request to examine their books and records.

In response to Liberal Democrats t [Zerocoin’s] when it was. t [Liu] start employment with [Zerocoin]. ”

Zcash currently trades around $ 600 million. Its all-time high in January 2018.

Zerocoin and a limited liability company. Zcash Foundation t

Liu does not recall the names of the defendants.

The case is unrelated to a former employee at crypto exchange Kraken suing over unpaid wages.

Image via Shutterstock.

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