Tagged: class action

Crowdfunding Platform YieldStreet Hit by Lawsuit Regarding Investor Losses [u]

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Crowdfunding platform YieldStreet has been hit with a filing for class action against the investment platform according to a release distributed by several law firms. YieldStreet caters to sophisticated, accredited investors offering alternative investments such as property, art or marine assets. According to the note,… Read More

Cannabis Crypto: Paragon Coin Class Action Lawsuit Poised to Move Forward

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Paragon Coin, and its affiliated initial coin offering, is pretty emblematic of the ICO heyday when any token could raise money based largely on a white-paper and effective marketing campaign. While it is hard to accurately discern, Paragon issued the PRG token raising around $12… Read More

Roche Cyrulnik Freedman and Selendy & Gay File Multiple Class Actions Against Well Known Crypto Exchanges, Also Targets Manipulative Conduct at Bitmex

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Two law firms, Roche Cyrulnik Freedman and Selendy & Gay, have jointly filed 11 class actions against well-known crypto exchanges. The lawsuits also include accusations of “manipulative conduct” by Bitmex. The allegations were filed in the Southern District of New York against four crypto exchanges… Read More

Tether Issues Statement on Consolidation of Class Action Lawsuits

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Tether, the stablecoin that has endured a good share of challenges, has issued a statement on pending lawsuits targeting the company. According to a release,  the plaintiffs in three class action proceedings against Tether filed a letter with the U.S. District Court for the Southern… Read More

Plaintiffs in New York Class Action Against Bitfinex Refuse to Revise their Claim

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Lawyers for plaintiffs in a class action suit brought against cryptocurrency exchange Bitfinex in New York have declined to revise their complaint alleging the exchange used prints of a crypto-synthetic type of USD to, “creat(e) the largest bubble in human history.” “Plaintiffs do not wish to… Read More

Bitfinex Slams “Copycat Lawsuit” Filed in State of Washington

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Bitfinex, a beleaguered crypto exchange, was hit by a class-action lawsuit last week filed in the U.S. District Court for the Western District of Washington. Bitfinex is also the target of an investigation that was launched by the New York Office of the Attorney General…. Read More

Tether Seeks Dismissal of Class Action Case in New York

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Tether Inc, makers of a popular cryptocurrency that mimics USD (“tether” or USDt), has asked a judge in New York for permission to file a motion to dismiss a class-action suit filed against the company last month. The suit alleges that parties at Tether Inc and… Read More

Class-Action Suit Launched Alleging Market Manipulation in Crypto, Targets Alameda Research & FTX Trading

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A plaintiff called “Bitcoin Manipulation Abatement LLC” has launched a class-action suit against cryptocurrency derivatives exchange FTX, partner firm Alameda Research and several associated individuals alleging they are, “well known among cryptocurrency traders for being principal manipulators of the Bitcoin spot and Bitcoin derivatives markets.”… Read More

Class Action Suit Launched Against Bitfinex and Tether, Alleged Creators of “Largest Bubble in Human History”

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Lawyers at Roche Freedman LLP filed a class action suit on October 6th against Bitfinex, Tether, and associated parties and firms. The suit alleges plaintiffs collectively suffered over $1.4 trillion USD in damages due to defendants alleged violation of Commodities Exchange and federal RICO statutes, as well… Read More

Class Action Against Disgraced Mt Gox Bitcoin Exchange CEO Proceeds in Pennsylvania

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A judge in Philadelphia has ruled that a class-action suit brought against Mark Karpeles, the reviled former CEO of the Mt Gox bitcoin exchange, can proceed in Pennsylvania. Karpeles had asked for dismissal claiming Pennsylvania courts did not have jurisdiction, but the judge determined that… Read More

Post-Disaster Clean Up: ICO Class-Action Portal Goes Online

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Regulatory drag around the regulation of initial coin offerings (ICOs) combined with arguably excessive risk-tolerance have produced the disaster that has so far characterized crypto-investing for the average guy. If most ICO tokens were indeed circulated in what Professor Jorge Stolfi has argued are “negative… Read More

NANO and BitGrail Hit by Another Class Action Lawsuit Related to Crypto Theft that Allegedly Saw $153 Million Disappear

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Happy New Year. Filed on January 3rd, the busy law firm of Levi & Korsinsky filed a class action lawsuit against Nano cryptocurrency and failed crypto exchange Bitgrail along with its founder Francisco “the Bomber” Firano. The lawsuit was filed on behalf of plaintiff James… Read More

Crypto Mining Giant Bitmain Sued for Commandeering Customer Machines

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A class action suit against the world’s largest cryptocurrency mining equipment maker and cryptomining conglomerate, Bitmain, has been filed in Northern California. The suit will test rumours circulating in crypto circles for some time that allege Bitmain used customers’ newly-purchased machines to mine crypto at… Read More

Silver-Miller Consolidates Multiple Class Action Suits Against Alleged Crypto Ponzi Bitconnect

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Florida law firm Silver Miller has combined six class action cases against BitConnect into one case, and the case will be pursued in the U.S. District Court for the Southern District of Florida, Coindesk reports. Silver-Miller has asked for a jury trial. The case not… Read More

What Does the Class Action Lawsuit Against the Unikrn ICO Mean for Other Token Issuers Who Used Reg D?

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Last week, CI reported on a class action lawsuit filed against Unikrn and their initial coin offering (ICO). The company raised approximately $30 million in an ICO in late 2017. Unikrn was founded by Rahood Sahul, who is no neophyte when it comes to tech and venture capital…. Read More

Even with a Reg D Filing, Unikrn ICO Hit with Class Action Lawsuit Filed by Stritmatter Law Firm

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Unikrn, a blockchain based gaming platform that is associated with some big name backers like Mark Cuban, has been hit with a lawsuit filed in the Superior Court of Washington for King County this week. The allegation that the Unikrn initial coin offering (ICO) constituted… Read More

Tezos Class Action Suit Will Proceed with Crypto Investor Tim Draper and Bitcoin Suisse Exempted

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Two defendants in a class action suit against the beleaguered but rich blockchain project Tezos have been exempted by a judge, though the case will proceed against the Tezos Foundation and DLS. The decision by California Northern District Judge Richard Seeborg was filed yesterday in… Read More

YouTube Named in Class Action Against Bitconnect

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  Youtube, “failed as a gatekeeper to protect its users,” by allowing affiliates of the Bitconnect cryptocurrency ponzi scheme to post 70 000 hours of promotional video, lawyers for plaintiffs in a class action claim. Bitconnect used multilevel marketing to boost operations and several Bitconnect… Read More

Cryptocurrency Ripple Facing Class Action Lawsuit Alleging Violation of US Securities Law

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Ripple Labs, the company behind the cryptocurrency Ripple (XRP), are facing a class action lawsuit filed by an investor, Ryan Coffey, who alleges the company sold it’s cryptocurrency tokens to the public in violation of US securities laws. The filing also claims the company has… Read More

Lawsuit Against The Crypto Company is Voluntarily Dismissed

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The law firm of Pomerantz LLP has announced that the class action lawsuit against The Crypto Company (OTCMKTS:CRCW) and certain of its officers, alleging violations of the Securities Exchange Act of 1934, has been voluntarily dismissed. The Securities and Exchange Commission (SEC) halted trading in… Read More

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