Trader Files Lawsuit Against Uniswap After Significant Losses

Nessa Risley has issued a class action lawsuit against Uniswap and its associates for illegally promoting and selling unregistered assets. Furthermore, the Uniswap user claims the decentralized exchange has no KYC process, hence resulting in massive fraud. Before the Suit Between May and July 2021, the plaintiff supposedly purchased several microcap altcoins worth around $10,000 on the DEX. Risley stated that traded on Uniswap for the first time in May, which resulted in significant losses. Other defendants in the complaint…

Voyager Targeted By Class Action Lawsuit For Charging Hidden Fees

Voyager Digital – a cryptocurrency broker offering simultaneous access to cryptocurrencies on multiple exchanges – has run into some legal trouble. It is now facing a lawsuit alleging that it misled customers by charging hidden fees on transactions. However, Voyager said the accusations are bunk and plan to deal with the matter “through the appropriate legal channels. Lawsuit Against Voyager As reported by Bloomberg, it filed the lawsuit in federal court in Miami on Christmas Eve. It alleges that Voyager…

Another Lawsuit for Ripple: What Does This Mean for the Company and XRP Coin?

Ripple is a well-known company in the crypto space. The payment and exchange network aims to provide an instant and easy way to move money globally. Although Ripple's idea was conceived in 2004, it wasn't until 2011 that the company actually came to be, with investors jumping on board to support Ripple Labs.  Ripple comes with its own currency, XRP, and presents several benefits for crypto enthusiasts. It's a simple design for starters as a day-to-day payment system makes transactions…

Canaan, a Bitcoin Mining Rig Manufacturer, Sued by An Investor

Recently, an investor filed a lawsuit against Canaan, a Bitcoin mining company, for allegedly breaking U.S securities laws during its IPO. Canaan filed its Initial Public Offering with the SEC last November and targeted to raise over $400 million.  Nevertheless, Canaan raised only $90 million after listing on the Nasdaq Global Marketplace. Phillippe Lemieux, an investor in Canaan, filed a class-action lawsuit claiming that the company violated the Securities Act of 1933.  More Details on Why the Investor Sued Canaan…