Market maker Citadel Securities accuses former employee of stealing trade secrets

ChainCatcher news, according to Bloomberg, market maker Citadel Securities has accused former employees Leonard Lancia and Alex Casimo of stealing trade secrets while establishing the new crypto market maker Portofino Technologies and securing funding. Citadel Securities is seeking a trial to determine the extent of monetary damages and potential compensation. In response, Portofino denies these allegations.

Previous report, Portofino Technologies was founded in April 2021 and is developing high-frequency trading technology for digital assets, having completed billions of dollars in trades across CEX, DEX, and over-the-counter markets. (Bloomberg)