CORAL SPRINGS, Fla., Dec. 20, 2017 /PRNewswire/ -- Silver Miller (www.SilverMillerLaw.com) -- the leading cryptocurrency investor law firm in the country, with actions currently pending against the Coinbase, Kraken, and Cryptsy exchanges as well as the first federally-filed class action lawsuit against heavily-embattled Tezos and its billion dollar Initial Coin Offering (ICO) -- has filed a new federal court class action lawsuit against Monkey Capital and its principal, Daniel Harrison. As the lawsuit alleges, Monkey Capital fraudulently promoted an ICO that violated numerous state and federal securities laws. Almost as quickly as it had gathered millions of dollars in cryptocurrency from solicited pre-ICO investors, Monkey Capital aborted its ICO just days before it was scheduled to commence, deactivated its website, liquidated the investors' funds, and devalued the market of the Coeval cryptocurrency options that Monkey Capital had created and issued to its investors in exchange for their investment funds. Silver Miller's lawsuit pleads that the Court rescind all investments in Monkey Capital; return to all investors their cryptocurrency; require Monkey Capital to account for all funds raised from investors; and adjudicate that Monkey Capital and Mr. Harrison violated multiple securities laws when they promoted and abruptly abandoned the unregistered, pre-functional ICO.
As ICOs have become more frequently used as a fundraising tool for start-up blockchain technology companies, so too has fraud upon cryptocurrency investors become more frequent; and Monkey Capital appears to have been a prime example of the harm investors can suffer in the wild world of cryptocurrency. Silver Miller continues to be a strong advocate for aggrieved cryptocurrency investors harmed by the misrepresentations and illegal actions of digital asset exchanges, trading platforms, and ICO promoters.
Monkey Capital investors concerned about protecting their investment are urged to contact Silver Miller at 954-516-6000 to join the class action and to protect their rights. You can also reach Silver Miller through the firm's website at www.SilverMillerLaw.com or by e-mail at DSilver@SilverMillerLaw.com. The class in this case has not yet been certified; and until certification occurs, your interests remain unrepresented in this matter unless you hire an attorney.
For more information please visit:
David C. Silver
Silver Miller – Managing Partner
Washington, D.C. 202-852-6000
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SOURCE Silver Miller