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Investors Allege Securities Violations In 11 Crypto Class Actions

Investors Allege Securities Violations In 11 Crypto Class Actions

Eleven class actions were all filed on April 3, 2020, in the Southern District of New York against four crypto-asset exchanges and seven digital token issuers. The plaintiffs allege that the defendants offered and sold billions of dollars of unregistered digital tokens and other financial instruments to investors in violation of federal and state securities laws.