Lawyer to File Crypto Class-Action Seeking Billions From Social Media ‘Cartel’ By Cointelegraph

Lawyer to File Crypto Class-Action Seeking Billions From Social Media


Lawyer to File Crypto Class-Action Seeking Billions From Social Media ‘Cartel’

Andrew Hamilton, a lawyer with a background in computer science, is spearheading a class-action lawsuit accusing the social media and search giants Google (NASDAQ:), Facebook (NASDAQ:), Twitter, and YouTube for cartel-like behavior intended to kill off the burgeoning cryptocurrency sector.

The suit, which has already amassed more than $600 million in claims, accuses the firms of acting as a cartel in launching a coordinated attack designed to crush competition emerging from the nascent virtual currency sector in 2018 — when the social platforms enacted sweeping bans against the promotion of crypto assets and initial coin offerings.

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