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Tag Archives: Lawsuit

Riot Blockchain Gets Hit by Another Shareholder Lawsuit

After changing its name to Riot Blockchain in October to include the word “blockchain,” the public company watched its stock skyrocket from $8 a share to more than $38 during a cryptocurrency rally at the beginning of the year. The first significant problem was the company did not have any real focus on blockchain technology. Before October, Riot was known ...

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Japanese Cryptocurrency Coincheck Faces Lawsuit over Withdrawals

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Investors have opened legal proceedings against embattled Japanese cryptocurrency exchange Coincheck. The Tokyo based platform was the victim of a major hack last month, with a reported loss of $530 million worth of XEM. The platform quickly closed both fiat and cryptocurrency withdrawals following the breach, in an ...

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T-Mobile Faces Lawsuit Over Stolen Crypto Funds – The Merkle

T-Mobile is one of the biggest mobile carriers in the US. This status does not protect it from lawsuits being filed against it, though. One T-Mobile customer has decided to file a lawsuit after hackers stole his cryptocurrency portfolio. In his opinion, the company failed to enforce sufficient security measures. Several thousand dollars worth of money was stolen, including some BitConnect funds. T-Mobile Finds Itself ...

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T-Mobile Faces Federal Lawsuit After Hackers Steal User’s Cryptocurrencies

This past Sunday Carlos Tapang, a T-Mobile USA Inc. customer, filed a suit in federal court against the company, alleging lax security measures made it possible for hackers to access his wireless account and steal the cryptocurrency from his mobile wallet —  tens of thousands of dollars worth. Tapang, of Washington state, accuses T-Mobile of having “improperly allowed wrongdoers to ...

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Bitconnect Assets Frozen | Lawsuit Piles Up for this Ponzi Scheme?

If closing its platform and being hit with a lawsuit weren’t enough for BitConnect, the U.S. District Court, Western District of Kentucky, has granted a temporary restraining order against the company and has frozen all Bitconnect assets following a second lawsuit filed on Monday against the cryptocurrency exchange platform. Both lawsuits alleged that BitConnect was a Ponzi scheme with its promoter ...

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Bitconnect is Facing its Second Class Action Lawsuit

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Another class-action lawsuit, along with a restraining order, has been filed against UK-based Bitconnect, this one in Kentucky. Brian Paige is suing Bitconnect for an undisclosed sum for operating an alleged online investment scam — a Ponzi scheme — in the second such lawsuit filed against the lending ...

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BitConnect Was A Ponzi Scheme, Alleges Lawsuit

If closing the entire platform wasn’t bad enough, BitConnect has now been hit with a lawsuit by a group of investors alleging that the BitConnect “crypto wonderland” was, in fact, a “wide-reaching Ponzi scheme.” BitConnect officially shuts down>> The legal complaint was filed in Florida by six individuals on their own behalf, as well as on that of all the others ...

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Investors File Class Action Lawsuit Against Bitconnect… | News

Former BitConnect investors have filed a class action lawsuit Wednesday, Jan. 24, seeking compensation from the company that was found out to be a Ponzi scheme and has shut down on Jan. 17. The class action complaint states that BitConnect issued cryptocurrency tokens that were actually unregistered securities and collected additional funds via a “wide-ranging Ponzi scheme.” The complaint has ...

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Beijing Court Dismisses Lawsuit Against Bitcoin Exchanges

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. A Beijing district court dismissed a lawsuit against a group of Chinese bitcoin exchanges, ruling that in the absence of clear evidence that exchanges are operating illegally, individuals are responsible for their own trading behavior. As first reported in the Beijing Morning Post, a Mr. Wang lost ...

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R3’s Lawsuit Against Ripple is Now Worth $19 Billion

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The value of a legal dispute involving US-based fintech startups R3 and Ripple has ballooned to nearly $20 billion on the heels of a breakneck rally that has launched ripple’s market cap past $140 billion. As CCN reported last September, R3 and Ripple filed dueling lawsuits regarding ...

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