Ripple sued again for violation of US Securities Act
Bitcoin Manipulation Abatement LLC filed a lawsuit against Ripple and its CEO Brad Garlinghouse in the US Federal District Court . Ripple is accused of violating the Securities Law, selling $ 1 billion in unregistered tokens and tricking investors.
It is stated that this lawsuit was filed with the intention of Bitcoin Manipulation Abatement LLC to compensate for the damage caused to investors. The losses of the plaintiff are not said.
Previously, the same company filed a lawsuit against the FTX crypto derivatives exchange demanding payment of $ 150 million in compensation, but a month later the claim was withdrawn by the plaintiff himself.