[Citadel Securities Seeks Over $7.9 Million in Damages from Former Employee Who Founded Crypto Company] Odaily Planet Daily News – Citadel Securities has filed a lawsuit in London against Leonard Lancia, its former Head of Systematic Market Making for Derivatives in Europe and co-founder of the high-frequency crypto trading firm Portofino Technologies, seeking damages exceeding £6 million (approximately $7.9 million). Citadel Securities accuses Leonard Lancia and his colleagues of planning the startup while still employed at the firm and has won damages and legal cost support in related labor arbitration. Additionally, Citadel Securities filed a lawsuit in the U.S. in 2023 against Portofino Technologies, alleging theft of trade secrets. Leonard Lancia and Portofino Technologies have denied all allegations. Last Friday, the High Court in London rejected Leonard Lancia's request to lift the asset freezing order against him. (Bloomberg)