Crypto Firms Toku and Liquifi Engage in Ongoing Court Battle
In a legal dispute, Toku has accused Liquifi and its general counsel, Benjamin Snipes, of stealing sensitive business information after Snipes left Toku. Key points include:
- Toku claims Snipes downloaded documents before leaving for Liquifi.
- Snipes described his previous workplace as a "toxic environment."
- The lawsuit alleges that Liquifi used the stolen information against Toku.
- A judge denied Toku's request for a preliminary injunction against Liquifi.
- Liquifi argues Toku's claims lack substance and cites past failed takeover discussions.
- Deel is mentioned in the filings as Liquifi’s partner; allegations suggest it aimed to undermine Toku.
- Liquifi stated they implemented a protocol to erase all Toku documents from their systems.
The case remains in discovery, with further developments expected as litigation continues.