Quick Take

  • 13-Count California federal court lawsuit by Bitcoin Manipulation Abatement LLC seeks $150 million in damages from FTX Trading and other defendants
  • Plaintiff says Defendants engaged in wide spread crypto market manipulation, seek damages under federal RICO statute, Commodities Exchange, Cal state law and under various common law and equitable theories
  • Lawsuit is long on words and short factual specificity and seems vulnerable to attack on multiple grounds and stands a significant chance of being dismissed if defendants hire good lawyer

This research piece is available to
members of The Block Genesis.
You can continue reading
this Genesis research on The Block.

Source
Author: Stephen Palley

Categories: Legal

0