A Cryptocurrency Class Action Lawsuit Has Been Filed Against Nano
A class action lawsuit has been filed against Nano and key employees of his main team for allegedly violating the federal securities law.
The lawsuit alleges that the defendants violated federal securities laws and tricked investors into using the Bitgrail exchange to trade and store their assets.
Originally launched as Raiblocks, Nano is a cryptocurrency that uses DAG algorithms to provide low-cost instant transactions. While many in the community touted all its technology and its network-block protocol are the answers to fast payments and scalability, the room was limited to three exchanges when it was introduced.
Since then, Firano and the NANO development team have been involved in a long game of accusations, without any of the parties being willing to accept responsibility.
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https://bitzamp.com/a-cryptocurrency-class-action-lawsuit-has-been-filed-against-nano/
