Crypto Exchange Wants Investor Suit Tossed

Law360 (September 30, 2019, 5:38 PM EDT) -- The cryptocurrency company behind the Worldwide Asset eXchange wants to make a suit filed by angry investors disappear, telling a California federal court their claims are barred by an arbitration clause and common sense, because they made millions off the deal they're complaining about.

In a motion to dismiss filed Friday, the OPSkins Group Inc. — which operates the WAX, as it's known, and distributes the cryptocurrency known as WAX Coins — said last month's suit by crypto-focused investment shops and WAX Coin purchasers Crypto Asset Fund LLC and Digital Capital Management LLC is totally bogus.

Not only did the two...

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