Suit

A group of investors filed a lawsuit in the Supreme Court of New York on the cryptocurrency exchange Huobi, its US division of HBUS and on the ICO-startup Elastos, reports Cryptobriefing. The reason for the suit was the alleged violation of securities laws. In particular, the main plaintiff Mark Owen is sure that the initial offer of the Elastos project coins, which took place last year, violates Section 5 of the Law on Valuable […]