Another Class Action Against Block.One Alleges Dirty Dealings During EOS ICO
Cointelegraph
Published May 18, 2020 05:49PM ET
Updated May 18, 2020 07:20PM ET
Per a May 18 complaint, more investors are looking to recoup funds invested in the record-breaking initial coin offering for EOS — which netted a total of $4 billion in cryptocurrency. Lawyers for the plaintiffs are calling over $200 million of that money illegally raised.
The complaint alleges that EOS was an unregistered security offering by block.one. Block.one is the development firm that spearheaded the ICO for EOS, which many saw as a form of investment in the company.
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Written By: Cointelegraph
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