Crypto Co. Beats RICO But Not Fraud Claim Over $186M Hack

[Gunnar Larson]

Crypto Co. Beats RICO But Not Fraud Claim Over $186M Hack
<https://www.law360.com/delaware/articles/1820275?nl_pk=8f2e5a76-bb66-462b-a05a-b234142584d6&utm_source=newsletter&utm_medium=email&utm_campaign=delaware&utm_content=2024-04-03&read_main=1&nlsidx=0&nlaidx=14>

By Katryna Perera

A Delaware federal judge has significantly trimmed a proposed class action
accusing companies behind a blockchain system that enabled users to
transfer crypto of running an illegal money-transmitting business and
misrepresenting the system's security measures before a $186 million hack,
saying the suit's racketeering, negligence and conversion claims all fail.

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<https://www.law360.com/delaware/articles/1820275?nl_pk=8f2e5a76-bb66-462b-a05a-b234142584d6&utm_source=newsletter&utm_medium=email&utm_campaign=delaware&utm_content=2024-04-03&read_more=1&nlsidx=0&nlaidx=14>
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