Hypernet Labs: Palo Alto-based Hypernet Labs shuts down amid investor lawsuit

A local blockchain startup is shutting down while still embroiled in a lawsuit. Hypernet Labs Inc., a Palo Alto-based firm that helps enterprises create blockchain-based applications, is permanently shutting down due to the recent economic downturn, according to a Tweet from Ivan Ravlich, the company's founder and CEO. "Hypernet was impacted by the same economic headwinds that have touched millions around the world since May," Ravlich wrote in his tweet. "Unfortunately, (Hypernet's) treasury was...