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Singh v. Illusory Systems, Inc. et al
Case Number:
1:23-cv-00183
Court:
Nature of Suit:
Racketeer/Corrupt Organization
Multi Party Litigation:
Class Action
Judge:
Firms
- Abrams & Bayliss
- Baker & Hostetler
- Heyman Enerio
- Landis Rath
- Morris Nichols
- Orrick Herrington
- Quinn Emanuel
- Richards Layton
- Ross Aronstam
- Saul Ewing
- Shaw Keller
- Wilson Sonsini
- Young Conaway
Companies
Sectors & Industries:
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April 02, 2024
Crypto Co. Beats RICO But Not Fraud Claim Over $186M Hack
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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July 18, 2023
Crypto Cos. Say Investors Can't Sue Over $186M Hack
Companies behind a blockchain system that enabled users to transfer crypto are urging a Delaware federal judge to throw out a proposed class action alleging they misrepresented the system's security measures prior to a $186 million hack and ran an illegal money-transmitting business, saying users are making unjustified racketeering claims.
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February 21, 2023
Crypto Firm's 'Simple Mistake' Sparked $186M Hack, Suit Says
A proposed class action is accusing the creator and funders of a system that enabled crypto users to send funds across blockchains of misrepresenting its security measures and running an illegal money-transmitting business that ultimately led users to lose big when a hacker stole $186 million from the system.