Crypto Ranking Site Accused Of Manipulating Token Price

By Elise Hansen (September 15, 2021, 5:30 PM EDT) -- A cryptocurrency investor has hit digital asset ranking site CoinMarketCap with a lawsuit claiming the platform unfairly suppressed the ranking of an up-and-coming token that posed a competitive threat to its corporate owner.

Arizona resident Ryan Cox argued Monday that CoinMarketCap unfairly ranked digital asset HEX far below its true stature in the cryptocurrency space, keeping its profile — and therefore its price — unfairly low. CoinMarketCap allegedly took this step to benefit global cryptocurrency exchange Binance.com, after being acquired by a Binance entity last year.

"Though HEX was the best-performing cryptocurrency of 2020, CoinMarketCap.com locked HEX's ranking at #201 sometime...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!