A class action lawsuit is underway against the founders of Bancor Protocol. Plaintiffs accuse the exchange of misleading investors and causing significant financial losses.
A class action lawsuit has been filed against the founders of Bancor Protocol, an automated crypto asset exchange. Plaintiffs allege they mislead investors and caused substantial financial losses. A group of plaintiffs, alongside others in a similar situation, has collectively filed a lawsuit against the founders of Bancor Protocol, as well as BProtocol Foundation and Bancor DAO.
Bancor Protocol Systems
The plaintiffs assert that the defendants lured them with promises of risk-free investments. They allegedly did this to compensate for undisclosed deficits within their online crypto asset exchange. Not only were these promises false, according to the lawsuit, but those who made them knew quite well they were bogus.
The founders of Bancor Protocol, who…
