Tezos Founders Hit With Second Class Action Suit
A second class action lawsuit has been filed against the founders of blockchain startup Tezos, alleging violation of U.S. securities law.
Three class action lawsuits alleging Bitfinex and Tether manipulated the bitcoin market are moving to consolidate, with the stablecoin issuer promising to fight the claims.
Even if XRP were a security, the investors suing Ripple brought their case far too late for it to proceed, the company said in a new filing.
An amended lawsuit accuses the chip maker of concealing $1 billion in graphics processing unit sales to crypto miners to downplay risk to long-term profits.
Ripple has strong defenses against a lawsuit alleging it violated securities laws by selling XRP, but the road ahead is long, legal experts said.
Bitcoin Suisse AG, a cryptocurrency brokerage listed as a defendant in a lawsuit against Tezos, has filed a motion to dismiss the case against it.