Crypto Investors' Case Against Gaming Co. Must Be Arbitrated

By Philip Rosenstein (August 14, 2020, 8:23 PM EDT) -- A California federal judge has sided with the issuers of a gaming-related initial coin offering, saying that despite arguments from purchasers of the WAX digital currency to the contrary there is a valid arbitration agreement and the case will be stayed pending arbitration.

On Thursday, U.S. District Judge for the Central District of California Cormac J. Carney ruled that an arbitration agreement entered into between two California-based cryptocurrency asset managers, Crypto Asset Fund and Digital Capital Management and OPSkins, the company behind Worldwide Asset eXchange, or WAX, was valid and would therefore stay the case pending arbitration.

The crypto asset managers...

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!


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!