The Massive Adoption Crypto Festival is the target of a class-action lawsuit demanding compensation for damages following its cancellation in January. Securities fraud and investment loss attorney David Silver has filed a class-action lawsuit on behalf of attendees against the organizer of the cancelled Massive Adoption crypto conference. According to the initial complaint filed on…
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FLiK investors have opposed Kevin Hart’s motion to dismiss their $7 million lawsuit against him for promoting a fraudulent ICO in 2017. Investors who participated in the FLiK initial coin offering, or ICO, in 2017 have opposed entertainer Kevin Hart’s bid to have the $7 million lawsuit dismissed. The 25 investors claim that they collectively…
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Craig Wright has abandoned his $125,000 libel suit against Blockstream CEO Adam Back and paid $8,400 in legal fees. Crag Wright, the self-proclaimed Satoshi Nakamoto and chief scientist at NChain, has dropped a libel lawsuit against Adam Back over the Blockstream chief executive’s assertion that Wright was fraudulent in claiming to be the creator of…
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Seven major crypto exchanges and issuers are facing 11 new class-action lawsuits that were filed in a New York federal court on Friday. Seven crypto companies have been targeted by 11 lawsuits that were filed in a New York federal court on April 3. The suits were filed by Roche Freedman — the same law…
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Lawsuit accusing Ripple of selling XRP as an unlicensed security includes claims to hedge the possibility that it is not. An amendment to the class-action lawsuit against Ripple, filed March 25, included additional claims of false advertising and unfair competition, “under the alternative theory that XRP is not a security.” The disgruntled investors’ sixth and…
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SEC seeks an early victory in lawsuit against Canadian messenger firm Kik for $100 million ICO in 2017. The United States Securities and Exchange Commission (SEC) has requested an early summary judgment in its lawsuit against Kik over the messaging company’s $100 million KIN initial coin offering (ICO) during 2017. The SEC first brought its…
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Brave’s use of various novel privacy and security features has helped the browser’s reputation grow quite substantially over the past couple of years. On March 16, Brave, a privacy-oriented web browser, filed a formal complaint against Google with the Irish General Data Protection Regulation enforcer — since the multinational tech conglomerate’s European headquarters are located…
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Mark Kapeles attacked the sole remaining plaintiff in what once was a class action lawsuit for changing the factual basis for his claim against the exchange. Mark Karpeles, the former CEO of defunct cryptocurrency exchange Mt. Gox, accuses plaintiff Gregory Greene of altering the factual basis of his claims against Karplese mid-case, according to his…
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An Overstock shareholder believes that the company’s directors facilitated the former-CEO Patrick Byrne’s dumping of $90 million worth of stock last September. Online retailer Overstock is facing a lawsuit from shareholder John Murphy over former CEO Patrick Byrne’s abrupt departure from the company and off-loading of $90 million worth of shares. According to Law360 on…
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