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JOIN OUR CLASS ACTIONS OR CONTACT US TO OPEN A NEW ONE
Open ICO Class Action (25)
List of ICOs accepting new members
Unikrn
15 class membersaction
Overview:
The Founders of Unikrn, Rahul Sood and Karl Flores, are facing legal implications concerning the unlawfulness of their ICO and the way they conducted the raising of funds for their eSports gambling project. They accumulated a 30m USD investment from their ICO after registering the “offering” with the U.S. Securities and Exchange Commission as a “SAFT” (Simple Agreement (...read more)
About this ICO:
– Unlawful ICO
– 90% Value loss
– Low token trade
– Platform unused
Cryptocurve
0 class membersaction
Overview:
CryptoCurve have made promises akin to so many others who have hosted ICOs and subsequently have nothing to show for their investment efforts. They have declared themselves as launching a next-generation wallet that will change the face of the crypto trading industry, but this is far from the truth today. Curve have almost nothing to show for the $7.4m USD investment made during their ICO and in their short (...read more)
About this ICO:
– Token unreleased
– Basic product
– Vague use of
– funds
– Negative opinion
Qash-Liquid
90 class membersaction
Overview:
Despite the huge amount of hype, AMAs, and the deployment of a plethora of sycophants patrolling Telegram, Reddit etc., Liquid ICO has returned absolutely zero value to investors, and everything promised in their 2017 white paper remains undelivered.
Buyers who threw more than 100m USD into Quoine coffers are now left with a coin valued at less than a quarter of its (...read more)
About this ICO:
– Undelivered project
– No value to investors
– No token utility
– Improper use of funds
– Massively hyped
Blockchain Terminal
1 class membersaction
Overview:
Blockchain Terminal has been rife with suspicion since its conception and the origins of its ICO in March 2018. The project was designed to construct and provide industrial-standard crypto trading terminals to general users for a low price, but this fact has never been made a reality.
The company was plunged into doubt and allegation at the end of 2018 as it was (...read more)
About this ICO:
– Token unlisted
– No value
– False advertising
– No sign of product
NAGA
27 class membersaction
Overview:
NAGA Coin was designed as a decentralized cryptocurrency that would be used for trading and investing in financial markets, virtual goods and other cryptocurrencies, as well as being the primary payment form for all fees and transactions in the “NAGA Ecosystem”.
However, in just over a year, the value of the NAGA token has diminished by almost 99%, making it one of the worst-performing tokens (and (...read more)
About this ICO:
– Overpriced ICO
– 98.6% value drop
– Restructure of
– company imminent
– Misleading information
– regarding company
STOX
8 class membersaction
Overview:
Stox gathered approximately $34m USD in its August 2017 ICO in just 34 hours, the bulk of its hype and FOMO driven by a promotion by Floyd "Money" Mayweather. This raises our first red flag, as you may recall Mayweather almost being incarcerated for his involvement in the Centra Tech ICO scam last year. Stox have syphoned this money from their investors and presented nothing over (...read more)
About this ICO:
– Ponzi scheme
– 98% Value loss
– No products
– Founder sued
Invacio AI
52 class membersaction
Overview:
Invacio showed us the perfect recipe for creating scam ICO: pick a fancy technology such as Artificial Intelligence, populate a website with a massive amount of content to confuse the audience, claim something vague like ”making a better world”, lure investors into a pump and dump scheme to achieve the soft cap of the ICO, discharge as many coins as possible when the ICO starts.
(...read more)
About this ICO:
– 98% drop in value
– Overpromised
– No developments
– No market liquidity
Bee Token
117 class membersaction
Overview:
The Bee Token has lost 98% of its value because it is and will remain an undelivered project.
Aiming to provide a peer to peer real estate rental platform, the project failed as thousands of investors had their coins stolen as a result of a security breach of the Bee token ecosystem.
Not only is the (...read more)
About this ICO:
– Poor network security
– Deserted website
– Unknown use of funds
– 98% of value lost
– Undelivered project
– No token utility
– No value for investors
HybridBlock
37 class membersaction
Overview:
“A world-class, all-in-one cryptocurrency trading system” whose founding partners consist of a sporting celebrity and an ex-director of a company halted by the BCSC for email spamming.
These do not sound like the kind of people that have the ability to launch a game-changing cryptocurrency ecosystem, but that is exactly what they set out (...read more)
About this ICO:
– 99.5% value loss
– Platform abandoned
– Non-existing product
Dragon Token
33 class membersaction
Overview:
The Dragon Token team has been very efficient at building the facilities and the exchange platform needed to sell the tokens, but that’s it. The major goal of the project (to provide cash in / cash out to Macau gamblers) remains undelivered and is unlikely to ever be accomplished because no one needs the Dragon Token. There are a number of much more reputable coins (Bitcoin, Ether, (...read more)
About this ICO:
– Phoney operations
– No token utility
– 98% of value lost
– Faulty project
– Massively hyped
– No accountability
Sirin Labs
61 class membersaction
Overview:
Take a junky, brick-looking phone handset, wrap it in lies, hypes and tech nonsense, price it at $16,666 and you’ve got Sirin Lab ICO. They called it crowdfunding, we call it a scam.
Nothing of this ICO shows us a genuine project worthy the 80m USD deposited at the time of inception. All we see is a faulty idea, misrepresentation of products (...read more)
About this ICO:
– Low-quality product
– Massive overpricing
– Misrepresentation
– Improper use of funds
– Tech nonsense
– 95% of value lost
Envion AG
28 class membersaction
Overview
Envion hosted one of the most fraudulent ICOs seen in 2018. Under the guise of a revolutionary, eco-friendly cryptocurrency-mining stroke of genius, Envion swindled one hundred million dollars from thirty-thousand genuine investors. It wasn’t long before the organisation fell apart, the ICO was declared unauthorised and the company ordered to cease trading by a Swiss court.
They comprehensively betrayed every investor and stuffed (...read more)
About this ICO:
– Huge scam
– Worthless coin
– Company closed
– 95% value lost
Savedroid
10 class membersaction
Overview:
Savedroid are infamous in the cryptocurrency world, but not for having a good product or a successful project. Instead, they’re well-known for launching a despicable hoax on their investors, wherein they completed their ICO with a total of 50m USD in funding, then proceeded to close their website and pretend the whole thing had been an elaborate exit scam.
The CEO, Yassin Hankir, (...read more)
About this ICO:
– 98% value loss
– Scam hoax
– No real product
– Fake marketing
Expand (GEM)
8 class membersaction
Overview:
Expand (formerly ‘GEM’) set themselves on a path of deceit and manipulation from the early inception stages, employing the use of despicable shill tactics in order to raise as high a volume of funds as possible to fill their own pockets with.
Their project was penned as an “ecosystem that allows workers to have access to meaningful work” and resulted in nothing. (...read more)
About this ICO:
– No investment returns
– Suspicious inception
– Shill tactics
– 98% of value lost
Sparkster
7 class membersaction
Overview:
Sparkster has soaked up millions of dollars of investment capital and returned nothing in the way of a viable product. Almost a year after their inception and ICO, Sparkster have pocketed the money drawn from eager investors and haven’t even released their token to the market.
Their original proposal was unrealistic and hasn’t ever been accomplished even in testing. The management team for Sparkster engage regularly (...read more)
About this ICO:
– Undelivered project
– Tokens locked
– Unrealistic proposal
– False white paper
Sphere Social
8 class membersaction
Overview:
The founders of Sphere set out with a plan to create the world’s first decentralised, user-owned social media platform but subsequently failed miserably in their efforts. More than a year after their ICO, the company has yet to realise any of their promises and now hosts a token that has crashed in value to almost nothing.
They preyed on the controversy created recently by Facebook and (...read more)
About this ICO:
– 99.6% value lost
– No real product
– Heavy competition
Engagement Token
14 class membersaction
Overview:
Engagement Token was promised as a revolution within the world of online publishing and ad revenue but in the end, it ultimately produced nothing in terms of results.
The elements put forth in the white paper were revealed in time to be nothing more than hype; nothing was meant to be achieved. They highlighted a bright future for those using the Engagement (...read more)
About this ICO:
– Promises abandoned
– Token irrelevant
– Poor communication
– No user incentive
– Value almost
– non-existent
Viewly
1 class membersaction
Overview:
Viewly has dissolved its corporate entity and abandoned the project. Investors' funds are no longer traceable, and legal action is required to recover them.
If you suffered financial loss related to Viewly, join our class action to claim a refund (...read more)About this ICO:
– Token unreleased
– misuse of funds
– 0 residual value
Atonomi
15 class membersaction
Overview:
Atonomi has had a short and turbulent history since the inception of their ICO in May 2018. The company that promised an “ingenious security protocol and infrastructure to enable trusted interoperability on ‘billions’ of devices” turned out to be nothing more than a multifaceted and multi-tiered scam. The controversy surrounding Atonomi is staggering – investors committing mass dumps on Day One, a CEO being dismissed and (...read more)
About this ICO:
– 98.5% value loss
– Massive dumps
– No product
– Company in tatters
– Deceptive team
REAL
6 class membersaction
Overview:
REAL endeavoured to revolutionise the real estate industry by enabling any user to invest in a fraction of real estate with their “REAL” tokens. However, owing to poor KYC, failed implementation and a lack of development, both REAL and their coin have failed, with an enormous drop of 96% since their ICO. The company has nothing to show for the money raised and haven't taken the steps necessary to (...read more)
About this ICO:
– No product
– No coin value
– Failed promises
MeeTip (OutMySphere)
1 class membersaction
Overview:
From the very origins of their whitepaper, MeeTip (or OutMySphere) had a very dubious and weak proposal. The company claimed they were constructing an app that would link seamlessly with “over 95% of the world’s bars, restaurants and coffee shops” and ensure users could pay for transactions or offer tips to staff using their token – MeeTip (MTIP).
However, more than a year after their ICO, (...read more)
About this ICO:
– Token unlisted
– No value
– No viable product
– No updates
LeadCoin
1 class membersaction
Overview:
LeadCoin is a dead coin. In ICO, the company charged 0.04USD per token – these are now valued at 0.00015USD. This is drop of 99.6%, and as a result the token remains almost completely untraded. The platform that was promised in the whitepaper is completely unrealised and there’s nothing to show for the $50m USD raised in investments at ICO.
This company – and their token (...read more)
About this ICO:
– 99.8% value loss
– Untraded token
– Platform empty
– Key advisor sued
Bonpay
4 class membersaction
Overview:
Bonpay promised what so many other ICO holders have done in recent years: a decentralised cryptocurrency debit card with seamless integration and zero-fee conversions between crypto and fiat currencies.
However, a year and a half after the inception of their 10m USD ICO, Bonpay: a) have delivered no such product, b) have a token worth almost nothing and c) have abandoned any future development.
(...read more)
About this ICO:
– 98% value drop
– Almost no trade
– No working product
– Founders
– disassociated
Ethersportz
0 class membersaction
Overview:
Ethersportz’ founders recognised the value in eSports: the industry has grown at a rapid rate over the last few years and doesn’t show any sign of slowing down. They capitalised on this information and attempted to create a platform linked heavily to eSports that would see users buy in with and win cryptocurrency for playing.
However, a year later the platform is yet to be realised (...read more)
About this ICO:
– 95% value drop
– Token barely traded
– Platform not built
BlockCAT
0 class membersaction
Overview:
The founders of BlockCAT made promises similar to those of Sparkster, another ICO holder that funnelled millions into an unrealised platform. They openly stated that they were building a “visual smart contract designer” that would allow anybody in the world to create and deploy smart contracts to the Ethereum blockchain without having any knowledge of code. Again, very similar to Sparkster’s promise of creating toolkits that a user could (...read more)
About this ICO:
– 98% loss of value
– Abandoned platform
– Unoriginal idea
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