The Crypto Industry’s ‘Bloody Friday’ Lawsuits: Do They Hold Weight?

Cointelegraph | Apr 7, 2020 at 5:45 PM
  • On April 3, a massive deployment of lawsuits were filed against major crypto industry players across the globe.
  • The suits filed on Friday involve both private individuals and companies operating in the crypto space, and the claims within are a collection of various securities violations pursuant to U.S. securities laws.
  • This waiver means that, in agreeing to the companies’ contracts or terms and conditions, counterparties also agree not to enter into a class action lawsuit.