{"id":44223,"date":"2021-06-12T13:56:53","date_gmt":"2021-06-12T10:56:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44223"},"modified":"2025-08-31T15:59:06","modified_gmt":"2025-08-31T12:59:06","slug":"block-one-to-pay-investors-27-5-million-to-settle-eos-ico-class-action","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/block-one-to-pay-investors-27-5-million-to-settle-eos-ico-class-action\/","title":{"rendered":"Block.one to pay investors $27.5 million to settle EOS ICO class-action"},"content":{"rendered":"<p>Block.one, the company behind the EOS project, announced that it had settled the dispute with investors. The court closed the case on terms requiring the defendant to pay $27.5 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">An update on the class action lawsuit involving <a href=\"https:\/\/t.co\/LgcclYBd6L\">https:\/\/t.co\/LgcclYBd6L<\/a>. <a href=\"https:\/\/t.co\/Tr9HbMUnOq\">https:\/\/t.co\/Tr9HbMUnOq<\/a><\/p>\n<p>\u2014 block.one (@block_one_) <a href=\"https:\/\/twitter.com\/block_one_\/status\/1403452921774317579?ref_src=twsrc%5Etfw\">June 11, 2021<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abBlock.one \u0441\u0447\u0438\u0442\u0430\u0435\u0442, \u0447\u0442\u043e \u044d\u0442\u043e\u0442 \u0438\u0441\u043a \u0431\u044b\u043b \u043d\u0435\u043e\u0431\u043e\u0441\u043d\u043e\u0432\u0430\u043d\u043d\u044b\u043c \u0438 \u0441\u043e\u0434\u0435\u0440\u0436\u0430\u043b \u043c\u043d\u043e\u0436\u0435\u0441\u0442\u0432\u043e \u043d\u0435\u0442\u043e\u0447\u043d\u043e\u0441\u0442\u0435\u0439. \u0422\u0435\u043c \u043d\u0435 \u043c\u0435\u043d\u0435\u0435, \u043f\u0440\u0438\u043d\u044f\u0432 \u044d\u0442\u043e \u0441\u043e\u0433\u043b\u0430\u0448\u0435\u043d\u0438\u0435, \u043c\u044b \u0441\u043c\u043e\u0436\u0435\u043c \u0441\u043e\u0441\u0440\u0435\u0434\u043e\u0442\u043e\u0447\u0438\u0442\u044c \u0431\u043e\u043b\u044c\u0448\u0435 \u0432\u0440\u0435\u043c\u0435\u043d\u0438 \u0438 \u0443\u0441\u0438\u043b\u0438\u0439 \u043d\u0430 \u0443\u043f\u0440\u0430\u0432\u043b\u0435\u043d\u0438\u0438 \u0441\u043e\u0431\u0441\u0442\u0432\u0435\u043d\u043d\u044b\u043c \u0431\u0438\u0437\u043d\u0435\u0441\u043e\u043c \u0438 \u0437\u0430\u043f\u0443\u0441\u043a\u0435 \u043d\u043e\u0432\u044b\u0445 \u043f\u0440\u043e\u0434\u0443\u043a\u0442\u043e\u0432\u00bb, \u2014 \u0433\u043e\u0432\u043e\u0440\u0438\u0442\u0441\u044f \u0432 \u043f\u0440\u0435\u0441\u0441-\u0440\u0435\u043b\u0438\u0437\u0435.<\/p>\n<\/blockquote>\n<p>In May 2020, the Crypto Assets Opportunity Fund accused the company that EOS&#8217;s 2017\u20132018 <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-an-ico-and-can-you-profit-from-it\">ICO<\/a>, valued at $4.2 billion, was accompanied by misleading statements.<\/p>\n<p>Plaintiffs alleged that Block.one provided investors with false information about the project in an effort to raise billions of dollars from the sale of unregistered securities.<\/p>\n<p>According to the filing, the company allegedly stimulated the price of EOS through \u201caggressive\u201d marketing.<\/p>\n<p>In October 2019, Block.one reached an agreement with the U.S. Securities and Exchange Commission to pay a $24 million penalty. The regulator alleged that the company violated securities laws.<\/p>\n<p>As reported in May 2021, Block.one <a href=\"https:\/\/u1f987.com\/en\/news\/block-one-invested-10bn-in-launching-its-own-bitcoin-exchange\">invested $10 billion<\/a> in the launch of its own Bitcoin exchange, Bullish.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our Telegram \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Block.one, the EOS project company, announced that it settled the dispute with investors. The court closed the case on terms requiring the defendant to pay $27.5 million.<\/p>\n","protected":false},"author":1,"featured_media":44224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1850,1162,817],"class_list":["post-44223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-block-one","tag-court-cases","tag-eos"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=44223"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44223\/revisions"}],"predecessor-version":[{"id":44225,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44223\/revisions\/44225"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/44224"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=44223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=44223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=44223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}