Lemon Wallet Acquired by LifeLock for $42.6 Million

Lemon Wallet Acquired by LifeLock for $42.6 Million

Identity theft protection company LifeLock has acquired Lemon Inc, creator of an innovative digital wallet, for $42.6m. Lemon Wallet launched in 2012 with the aim of "delivering the most consumer focused, secure and innovative digital wallet experience on the market". The app was initially designed as a backup of a physical wallet, but it went on to develop more and more useful features, with users being able access real time account balances and fraud alerts. LifeLock launched its own new app today - LifeLock Wallet - which utilizes all of Lemon's technology to aid users in the management....


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New Lawsuit Filed Against Bitcoin Wallet Xapo Founder

Identity-theft protection company Lifelock has filed another lawsuit against Wences Casares, founder of bitcoin wallet company Xapo. The suit was filed on Monday in Delaware Chancery Court against Casares and his former CFO at digital wallet startup Lemon, Cynthia McAdam, who currently serves as president and general counsel for Xapo. LifeLock has alleged that the two withheld intellectual property related to Xapo and bitcoin integration software for Lemon that should have been included a 2013 acquisition of the startup by LifeLock, according to Courthouse News. The suit also alleges that....