Crypto Exchange Builders Settle Suit Over Failed Collaboration

Crypto industry rivals CardStarter Ltd. and SundaeSwap Inc. have settled claims against each other after their joint effort to establish a digital asset exchange fell apart, a federal court said.

CardStarter alleged that SundaeSwap had reneged on a handshake deal to trade crytocurrency tokens for other assets—a deal that SundaeSwap said didn’t exist.

The companies informed the US District Court for the Northern District of California that a settlement was in place, Judge Richard Seeborg said in an order Feb. 2.

The terms weren’t disclosed either in the order or in the parties’ January case update, which said the ...