U.S. law firm Roche Freedman filed 11 class actions against the crypto industry

According to The Block, on April 3, Roche Freedman LLP filed 11 new class actions in the Southern District of New York. The litigation targets were Binance, Civic, BProtocol, Status, Block.one, KayDex, Quantstamp, BiBox, TRON Foundation, KuCoin, HDR Global Trading and related responsible persons, including Brendan Blumer, Dan Larimer, Vinny Lingham, and the founder People Zhao Changpeng (CZ). It is difficult to summarize 11 specific complaints, but the core of the litigation is that the plaintiff believes that the relevant defendant violated the securities laws and that investors include US citizens.