cryptoupdate
Contributor
Allegations of Wrongdoing and Breach of Fiduciary Duty in Crypto Investment Platforms
Investor Trey Greene has filed a class-action complaint against BlockFi's founders, directors, and crypto exchange Gemini, alleging numerous wrongdoings, including violating consumer fraud and exchange acts, breaching fiduciary duties, and offering and selling unregistered securities.
According to the complaint filed in the U.S. District Court for the District of New Jersey, Greene invested over $1.5 million in BlockFi's interest accounts, which earned over $400,000 in capital gains and interest that was re-invested. However, Greene is now unable to withdraw the funds after BlockFi froze all withdrawals on Nov. 10, the same day that FTX filed for bankruptcy...Read More
According to the complaint filed in the U.S. District Court for the District of New Jersey, Greene invested over $1.5 million in BlockFi's interest accounts, which earned over $400,000 in capital gains and interest that was re-invested. However, Greene is now unable to withdraw the funds after BlockFi froze all withdrawals on Nov. 10, the same day that FTX filed for bankruptcy...Read More