A new class action lawsuit has been filed in the United States District Court Eastern District of New York on behalf of investors in (XRB, formerly Raiblocks), according to a signed April 5.
The lawsuit is being filed by an American individual, Alex Brola, through Silver Miller law firm, and alleges that Nano’s core team both violated US securities laws by selling unregistered securities as well as negligently misrepresented the reliability of crypto exchange BitGrail, from which .
The lawsuit asks that Nano be ordered by court to “rescue fork” the investors’ missing NANO “into a new cryptocurrency in a manner that would fairly compensate the class of victims.”
In the aftermath of BitGrail’s that the 17 mln Nano had been hacked from the exchange, Nano developers and BitGrail’s owner and operator reportedly over whether or not Firano had asked for the ledger to be edited to “cover his losses.”
Nano then accused Firano of “misleading the Nano Core Team and the community” on their official .
Although Nano investor Alex Brola is the named plaintiff in the lawsuit, having reportedly bought $50,000 worth of Nano on Dec. 10, 2017, the complaint claims there are “at least hundreds if not thousands of putative Class members” that Silver Miller plans to contact during the discovery period.
Silver Miller writes in the class action notice that they are a “strong advocate for aggrieved investors harmed by the misrepresentations and illegal actions of cryptocurrency exchanges and issuers.” The law firm is currently working on class actions against crypto exchanges and services , Kraken, BitConnect, , and (ICO) promoters Monkey Capital, Giga Watt, and .
Tezos has been the subject of over the question of its compliance with SEC regulations. The filed last fall by Silver Miller during their ICO, which raised $232 mln, making it the world’s second largest ICO to date in terms of most funds raised.
Published at Sun, 08 Apr 2018 19:22:31 +0000
