Block.one, a significant investor in the blockchain industry, is now under fire from the EOS Network Foundation (ENF) for purportedly defaulting on its $1 billion investment commitment.
ENF’s CEO, Yves La Rose, recently announced the foundation’s preparation to file a lawsuit against Block.one, adding to the growing list of legal actions the latter faces.
Accusations and Previous Lawsuits
In a July 25 Twitter thread, La Rose informed that Block.one is already negotiating a settlement for another class-action lawsuit, with a proposed amount of $22 million. The firm had previously tried to settle at $27.5 million with the lead plaintiff, Crypto Assets Opportunity, but a U.S. judge turned it down.
“You may need to opt out to be eligible to participate in the ENF’s lawsuit,” La Rose noted.
Plaintiffs considering opting out of the class-action suit, which was initiated in 2017 and is currently in settlement process, have been advised to contact counsel James Koutoulas. The deadline to
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