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Cryptocurrency Ponzi Scheme Still Not Entirely Immune From Accountability Lawsuits

Crypto NewsRegulation/NegotiationRetail Investors 1 Kevin Nelson August 16, 2024

An illustration featuring an empty courtroom with three chairs at the front for defendants and one chair on either side. The defendant's seats are filled but their backs turned towards the judge while a single figure sits alone in each of the plaintiff's seats looking back at them. A large XRP symbol hangs from the ceiling above the judges bench, surrounded by fluttering papers with dollar signs printed on them. In the background, people can be seen walking away through doors and windows as if leaving an empty building.

So it looks like another day, another dollar spent on lawyers for all the crypto bros trying to make their fortunes off this ponzi scheme. The court has granted partial summary judgment against Ripple Labs and its affiliates, but I’m sure that won’t stop them from crying about how unfair it is

Source: bitcoin.com

Ripple Wins Partial Summary Judgment in Securities Lawsuit
https://news.bitcoin.com/ripple-wins-partial-summary-judgment-in-securities-lawsuit
The U.S. District Court for the Northern District of California has issued an order granting in part and denying in part the motion for summary judgment in a lawsuit concerning allegations of securities law violations against Ripple Labs, XRP II, and Ripple CEO Brad Garlinghouse. The U.S. District Court for the Northern District of California issued an order on Thursday regarding the summary judgment motions in the litigation against Ripple […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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