Seven bitcoin and crypto companies have been charged in 11 different lawsuits in the state of New York. The charges have been filed by Roche Freedman, the same law firm that assists Dave Kleiman’s next of kin in the case against Craig Wright.

11 cases

In these seven group trials, numerous names from the industry are mentioned. Exchanges such as Binance, KuCoin, BiBox and Bitmex. But also parties who have issued their own crypt currency such as Block.one, Quantstamp, KayDex, Civi, BProtocol and the Tron Foundation are being sued.

Many people are also mentioned by name: Changpeng Zhao, Dan Larimer, Vinny Lingham and Brandan Blumer should put their lawyers to work.

Sale of securities

The case is relatively simple: the parties involved are accused of having sold securities without permission. It concerns the issue of unlicensed tokens and the manipulation of those markets.

The prosecutors go a step further: they claim that the parties and persons mentioned deliberately withheld information from investors until after the sale of the token.

There are a lot of tokens in the charges, these are some of them: EOS, Kyber Network, Tron, Icon, OmiseGo, TomoChain and Civic.