Coinbase Hands Nearly $1M to Cryptsy Victims After Settling Class Action Lawsuit

Coinbase has settled a class action lawsuit brought by users of the former Cryptsy cryptocurrency exchange. According to a set of court documents dated Nov. 27 and Dec. 10, 2019, Coinbase has agreed to turn $962,500 over to an escrow agent responsible for handling class action claims related to a previous lawsuit against Cryptsy. Lawyers […]

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The 8 Biggest Bombshells From the SEC’s Kik ICO Lawsuit

When Kik’s board of directors decided to support the company’s pivot to crypto, one of the board members described it as a “hail Mary pass.” It was early 2017 and the Canadian mobile messaging startup, having depleted its venture funding, was months away from firing everyone and calling it quits. The seven most promising leads […]

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Blockchain Predictions Market Stox and Founder Sued for $4.6 Million

Israel-based blockchain prediction market platform Stox and its founder Moshe Hogeg are reportedly being sued by a Chinese investor for over $4.6 million over alleged fraud. As reported in The Times of Israel on Friday, investor Zhewen Hu claims in a lawsuit, filed in the Tel Aviv District Court on Jan. 24, that Hogeg had misappropriated some of the […]

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