April 02, 2024
A Delaware federal judge has significantly trimmed a proposed class action accusing companies behind a blockchain system that enabled users to transfer crypto of running an illegal money-transmitting business and misrepresenting the system's security measures before a $186 million hack, saying the suit's racketeering, negligence and conversion claims all fail.
July 18, 2023
Companies behind a blockchain system that enabled users to transfer crypto are urging a Delaware federal judge to throw out a proposed class action alleging they misrepresented the system's security measures prior to a $186 million hack and ran an illegal money-transmitting business, saying users are making unjustified racketeering claims.
February 21, 2023
A proposed class action is accusing the creator and funders of a system that enabled crypto users to send funds across blockchains of misrepresenting its security measures and running an illegal money-transmitting business that ultimately led users to lose big when a hacker stole $186 million from the system.