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Ledger faces class action from phishing scam victims

Ledger and Shopify are facing a class-action lawsuit over sensitive information regarding 270,000 of Ledger's customers' that was stolen by Shopify employees. Ledger and Shopify have been hit by a class action lawsuit over a major data breach that saw the personal data of 270,000 hard wallet customers stolen between April and June 2020, Phishing scam victims John Chu and Edward Baton filed the lawsuit in California against the crypto wallet provider and its e-commerce partner Shopify on April 6. The Plaintiffs alleged that the firms “negligently allowed, recklessly ignored, and then intentionally sought to cover up” the data breach.…

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Makerdao Vote to Not Compensate Black Thursday Victims Receives Harsh Criticism

Large Makerdao holders decided not to compensate the victims that were liquidated during the unexpected flash crash that took place on March 12, otherwise known as ‘Black Thursday.’ An aggregate total of 38 votes was cast and more than 65% of the governance portal participants voted for zero compensation. The day after March 12, otherwise known as ‘Black Thursday,’ the Makerdao project made headlines after between $4 to $6 million worth of the stablecoin DAI was left underwater due to an auction failure. A vote held this Tuesday indicates that the Makerdao project doesn’t plan to compensate any of the…

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Ripple Lawyers Try To Clear The Company’s Name In Class-Action Lawsuit

Ripple lawyers are trying to clear the company’s name in the battle against a class-action lawsuit that accused the company of securities fraud so let’s try and find out in the Ripple news. In the documents, the company stated that the plaintiff Bradley Sostack failed to prove that the CEO of Ripple Brad Garlinghouse made false bullish statements in 2017. Sostak alleged that the Ripple CEO intentionally misled investors about the real value of the cryptocurrency. Sostack filed the case against Ripple and Garlinghouse in 2019 and claimed that the company started offering the token for sale in unregistered security.…

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Google, Facebook, Twitter Face Class-Action Lawsuit for Banning Crypto Ads

Cryptocurrency businesses are taking Google, Facebook, and Twitter to court in a class-action lawsuit that could cost the social media giants $300 billion. The plaintiffs say that their businesses have been hurt by Google, Facebook, and Twitter banning crypto ads on their platforms. Google, Facebook, and Twitter Taken to Court Over Crypto Ads Ban Cryptocurrency companies and individuals are taking Google, Facebook, and Twitter to court over the banning of their cryptocurrency ads from Jan. 30, 2018, to the present. The class-action lawsuit is being filed by Sydney-based law firm JPB Liberty. The plaintiffs claim that their businesses have been…

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