KNC Class Action: Investigation into KNC Miner's Mischief
KNC Titan customers are starting to get exhausted from the ongoing shenanigans that KNC is playing with millions of dollars in customer funds. KNC Titan customers will be relieved to know that a class action investigation is now under way along with a group lawsuit through another firm. KNC Titan customers now finally have a chance to see justice against KNC. Also read: KNC Titans: Missed Quarter 3 Deadline and No Refunds. First KNC Class Action. KNC likes to pretend that it's above the law by denying people refunds while Swedish law dictates that they must honor refund requests within the....
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Magnus Daar. Magnus Daar Esq. of Nova, a law firm based in Sweden, feels that KNC's actions might hurt Sweden's reputation for other companies who started their business in Sweden. Sweden has been the birthplace of many popular companies, services, and products such as Skype, Spotify, and Minecraft. KNC's business methods of illegally denying refunds to Titan customers, and falsely portraying the KNC Titan in a way that makes it seem profitable, are downright dirty as they are illegal. KNC's negative actions are the exception when it comes to Swedish companies, rather than the rule. Also....
A class action lawsuit filed against troubled bitcoin startup KnCMiner is proceeding despite a recent legal setback and a bankruptcy filing by the firm. According to emails provided to CoinDesk, lawyers representing the most prominent of several class action lawsuits filed against KnC have entered a claim against its bankruptcy estate in Sweden. Further, they indicated the group has provided information to local law enforcement in an attempt to ensure the firm can provide customer reparations. An email to class action participants reads: "We have handed over all claims with the....
Bitcoin miner maker Butterfly Labs (BFL) is facing a class action suit, brought by customers from across the US. The class action was filed through Wood Law Firm LLC by a group of BFL customers challenging the sales and advertising practices of the Kansas-based mining outfit. Customers claim they ordered and paid BFL mining gear which they never received, or which they received long after BFL's promised shipping date. Not the first time for Butterfly Labs. Disputes are quite common in the world of mining hardware. Manufacturers are often keen to accept as many pre-orders as possible, often....
A 2014 class action lawsuit by plaintiffs in Canada against defunct bitcoin exchange Mt. Gox has been dismissed. The law firm representing Canadian plaintiffs in the class action against Mt. Gox, a now-defunct bitcoin exchange has revealed that the case will be dismissed. The class action lawsuit was originally brought to the Ontario Superior Court of Justice against MtGox Inc., Mt. Gox KK, Tibanne KK, Mt. Gox North America Inc., Mizuho Bank, Ltd., Mark Karpeles (CEO) and Jed Mccaleb (founder). The case sought $465 million ($500 million CAD) in compensation for Canadians who placed their....
Bitcoin to Gold company Coinabul, a company that claims to be "The first Bitcoin to gold service,", is facing a 'Class Action' lawsuit alleging that the company has been involved in committing fraud. On a personal level, I bought .76 Bitcoin worth of gold on may 3rd, and I'm still waiting. Yazan Hussein claims that he paid 1,654.54 bitcoins to Coinabul last year and has, up to date, received no gold. He filed the Federal complaint in Illinois on July 25th naming Coinabul and its CEO, Jason Shore, as defendants. Edelson Law, the firm involved in the class action against Mt Gox, is....