FLOW Crypto Lawsuit Investigation: Could Token Buyers Be Compensated for Losses?

Last Updated on August 2, 2023

Investigation Complete

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At A Glance

This Alert Affects:
Anyone who lost money on FLOW tokens purchased on a U.S.-based exchange.
What’s Going On?
Attorneys working with ClassAction.org have reason to believe that the Flow blockchain’s native token may have been illegally sold as an unregistered security, leaving buyers without certain protections under federal securities laws. The attorneys are now looking to file a class action lawsuit on behalf of those who lost money on FLOW.
How Could a Lawsuit Help?
A class action lawsuit could help FLOW token buyers get back money they lost as a result of purchasing potentially unregistered securities. It could also possibly force FLOW issuer Dapper Labs to comply with federal securities laws.