Skip to main content
727 Finance
English

Most of the claims in the LIBRA case were dismissed due to New York jurisdiction issues, and the Argentine investigation continues

PANews reported on October 5 that Bubblemaps stated that in the LIBRA US class action lawsuit, most of the claims against Hayden Davis and Kelsier were dismissed due to lack of jurisdiction of the New York court, which was not a denial of the accusation itself. The plaintiff may still appeal or sue in a court of competent jurisdiction. The lawsuit involves LIBRA and M3M3 token investors, and related criminal investigations in Argentina are continuing.

PANews October 5 news: Bubblemaps posted that in the LIBRA U.S. class action, most claims against Hayden Davis and Kelsier were dismissed due to the New York court's lack of jurisdiction, not as a rejection of the allegations themselves. The plaintiffs may still appeal or file suit in a court with jurisdiction. The lawsuit involves investors in the LIBRA and M3M3 tokens, and the related criminal investigation in Argentina is still ongoing.

Related news

  1. Yi He: Binance community reward campaigns need to wait for regulatory approval before launching; there are currently no cash voucher campaigns.

  2. Glassnode: U.S. spot Ethereum ETFs recorded 23 consecutive trading days of net outflows, the longest net outflow streak on record.

  3. Binance is in talks with Malaysian regulators for a license as it seeks to re-enter the local market.

  4. U.S. spot SOL ETFs recorded a single-day net outflow of $10.742 million.

  5. U.S. spot XRP and ZEC ETFs recorded a combined single-day net outflow of USD 5.0679 million.