Bitcoin Company KnCMiner Facing Three Class-Action Lawsuits
A group of two dozen people (and growing) represented by Advokatfirman Rise & Co AB (Stockholm) is bringing a class action lawsuit against Swedish Bitcoin firm KnCMiner, the one-time premier manufacturer of Bitcoin mining hardware. There are a range of issues for the court to consider, but the one CCN is most intimately familiar with is the one that our source, a member of this class action lawsuit, who told us about his experience with KnC. Here is a pruned (moderately edited) version of his lengthy story: I read in the local papers that a Swedish company was going to make an ASIC. I....
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After our story about KnCMiner facing class action lawsuits, several readers wrote in to thank us and share their stories as well. We expected to receive some comment back from KnCMiner regarding the claims being made against them by more than two dozen clients representing several dozen thousands of dollars. We never did. However, today we've received word that KnC has launched a Bitcoin exchange. From where? Straight from the horse's mouth, in a press release that only mentions KnC in the heading and in the footing, nowhere in the body. Also read: Buy Orders in the Millions for Bitcoin....
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....
According to a series of court records released on Aug. 31, Roche is understood to be “no longer involved” in Roche Freedman’s class action practice. In the wake of allegations made by Crypto Leaks, high-profile crypto lawyer Kyle Roche has filed to withdraw as counsel on several crypto class-action lawsuits.According to a series of court records released on Aug. 31, Roche is understood to be “no longer involved” in Roche Freedman’s class action practice. The law firm has also filed to withdraw Roche as counsel in class action lawsuits involving Tron and Global Trading. Wow. A few days....
New background information about Butterfly Labs and Alpha Technologies has been added to this article. A potential class action against bitcoin mining firm KnCMiner is beginning to take shape. California-based attorney Charlotte C Lin has announced that her firm is investigating unlawful activities related to the sale and distribution of KnCMiner's Titan and Neptune mining products. These include breach of contract, false advertisement and public misrepresentation, which were detailed on the initiative's official website. KnCMiner, which raised $14m in Series A funding last month, has....