FILE PHOTO: The logo of Binance is seen on their exhibition stand at the Delta Summit, Malta’s official Blockchain and Digital Innovation event promoting cryptocurrency, in Ta’ Qali, Malta October 3, 2019. REUTERS/Darrin Zammit Lupi
NEW YORK (Reuters) – Investors have brought class action lawsuits in federal court against seven cryptocurrency issuers and four exchanges, claiming they sold billions of dollars in unregistered assets in violation of U.S. securities laws.
The 11 lawsuits, filed on Friday in U.S. District Court in Manhattan, also name executives of the companies. The defendants include crypto issuers Block.one and Tron, and exchanges Binance and BitMEX.
“We are aware of the opportunistic complaints filed against several blockchain and cryptocurrency companies,” Block.one said in an emailed statement. “We have not been served with any claims but are well prepared to address anything that may arise.”
BitMEX said it was aware of the lawsuit and was reviewing it,…
Source Reuters Tech News
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