COINJAKA
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A lawsuit against the Pi Network
An American investor has filed a lawsuit for $10 million against SocialChain and the Pi Network, accusing the project of fraud and transferring tokens from his wallet without permission.
The lawsuit claims there is central control and secret sales of Pi tokens, in addition to delays in transferring tokens to the main network, which caused significant losses for the plaintiff.
The case increases legal pressures on the Pi Network, especially after regulatory warnings in China about the risks of the project and the lack of transparency.
An American investor has filed a lawsuit for $10 million against SocialChain and the Pi Network, accusing the project of fraud and transferring tokens from his wallet without permission.
The lawsuit claims there is central control and secret sales of Pi tokens, in addition to delays in transferring tokens to the main network, which caused significant losses for the plaintiff.
The case increases legal pressures on the Pi Network, especially after regulatory warnings in China about the risks of the project and the lack of transparency.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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