The company covets the URL so much, according to court filings, "because it is an exact match for the name" of a cryptocurrency platform it purchased last August, Wormhole Network (the firm currently holds the domain ). Jump isn't seeking damages but rather it's asking the judge to enforce what Jump alleges was a binding contract and make Merryman relinquish control of the domain. Jump Trading Group, one of the most vaunted names in high-speed algorithmic trading and a rising force in cryptocurrencies, likely thought the same when its crypto business set out last summer to purchase a domain name from the 79-year-old retiree.īut now the Wall Street powerhouse is ensnared in a legal battle with Merryman, and he's become something more significant: a veritable thorn in Jump's side - and an obstacle in the trading giant's quest to secure ownership of the domain .Ĭhicago-based Jump in April accused the Pahrump, Nevada-based septuagenarian of breach of contract after he reneged on an offer to sell the domain to the company for $50,000, according to the complaint Jump filed in the US District Court of Nevada. In the grand scheme of things, some might find that he's like an insignificant planet of a humdrum star lost in a galaxy tucked away in some forgotten corner of a universe in which there are far more galaxies than people.Īt least that's what his idol Carl Sagan might've said. Jump wants for its crypto business, and it claims Merryman reneged on a deal to sell it for $50,000. ![]()
0 Comments
Leave a Reply. |