avatar of @forexbrokr
LeoFinance Badge
1 min read

Isn't there also a lawsuit going on?

Block.One Lawsuit

Block.One has already settled lawsuits with both the US Securities and Exchange Commission (SEC) and the Crypto Assets Opportunity Fund (CAOF).

All related to their 2018, $4 billion IDO/token sale (whatever we're legally supposed to call it now).

So keeping in mind that they raised $4 billion and have an insane Bitcoin war chest, here are the settlement amounts:

  1. The SEC: $24 million.
  2. The CAOF: $27.5 million.

Ultimately, these are nothing more than token gestures so everyone can save face.

Payouts as small as this won't have any effect on their business and they're now free to do what they want without having to worry about regulators breathing down their back.

Huge meh.

Posted Using LeoFinance Beta