Block.one ICO damages ‘far beyond’ $22M, ENF founder says

The newest legal action against Block.one (B1), the developer and initial seller of EOS (EOS), could possibly help plaintiffs get higher settlement, according to EOS Network Foundation (ENF) founder and CEO Yves La Rose.On July 25, La Rose formally revealed that ENF is preparing a claim versus Block.one for its failure to follow through on its $1-billion following its $4.1-billion raise in 2018. The CEO argued that Block.ones damaged guarantees to invest $1 billion caused major issues for the EOS neighborhood and promised to hold the firm accountable.As many investors have actually currently been part of another class action against Block.one, a number of those may require to opt out of their present lawsuits, La Rose said.” Block.ones EOS initial coin offering (ICO) became one of the biggest crowdfunding raises in history, raising as much as $4.1 billion by June 2018 and outstripping Telegrams $1.7 billion ICO.By the end of its year-long crowdsale, EOS was trading at around $12, or around 44% down from its peak rate taped in April 2018.