Class-action lawsuits filed against Binance, Tron, Block.one, BitMEX (price manipulation) + 7 others!

This is only a summary of the lawsuits but I’ve included links to the original filings themselves and a more in depth article at the end. It’s important for everyone to stay informed.

The filing against Binance claims that the cryptocurrency exchange sold securities without a license.

https://wp.decrypt.co/wp-content/uploads/2020/04/binance-120-cv-02803.pdf

Tron sold TRX in an initial coin offering, while Tron kept 35% of the TRX tokens for itself, according to the lawsuit.

https://wp.decrypt.co/wp-content/uploads/2020/04/Clifford_et_al_v_Tron_Foundation_et_al__nysdce-20-02804__0001.0.pdf

This lawsuit claims that Block.one promoted, offered and sold the EOS token in the US. It refers to the $24 million settlement between Block.one and the SEC over this issue.

https://wp.decrypt.co/wp-content/uploads/2020/04/Williams_et_al_v_BlockOne_et_al__nysdce-20-02809__0001.0.pdf

The lawsuit filed against HDR Global Trading (Bitmex) claims that the firm sold securities without registering as a securities exchange.

***The lawsuit makes further claims about price manipulation. It asserts that BitMEX traded against its own customers, via its trading desk, which was only revealed to exist in 2018.

https://wp.decrypt.co/wp-content/uploads/2020/04/Zhang_et_al_v_HDR_Global_Trading_Limited_et__nysdce-20-02805__0001.0-1.pdf

Article with more info- https://decrypt.co/24532/class-action-lawsuits-filed-against-7-bitcoin-companies

submitted by /u/undergroundinvesting
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Comments

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