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Pelham v. VBIT Technologies Corp. et al
Case Number:
1:23-cv-00162
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
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March 28, 2025
Bitcoin Ponzi Scheme Suit Shouldn't Be Tossed, Judge Says
A Delaware federal judge on Friday recommended denying motions to dismiss from former executives of bitcoin mining company VBit Technologies Corp. looking to ditch an investor proposed class action, rejecting the executives' qualms with how they were served and the plausibility of the claims.
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February 15, 2023
Bitcoin Mining Co. Hit With Suit Over Alleged Ponzi Scheme
Bitcoin mining company VBit Technologies Corp. and a pair of former executives have been hit with an investor class action alleging they sold unregistered securities and ran a Ponzi scheme that paid out promised bitcoin as new investors bought into the scheme.