JPB Liberty launches class action lawsuit against three major social giants to ban advertising

JPB Liberty launches class action lawsuit against three major social giants to ban advertising

Australian lawsuit financing firm JPB Liberty launched a $500 billion class action lawsuit against cryptocurrency advertising bans on Facebook, Google and Twitter. Anyone affected by the 2018 encryption winter can be registered as a member of a class action lawsuit. It is reported that this figure is more than twice the amount of the largest class action settlement in the US tobacco industry in 1998, and the settlement amount was $206 billion. As the plaintiff's representative, JPB has sent legal letters to Facebook, Google and Twitter to inform them of the damages. JPB claims that investors lost more than $350 billion and lost foreign exchange earnings by more than $150 billion. (beincrypto)
Collapse

Note: On January 30, 2018, Facebook banned all cryptocurrency ads in accordance with its banned financial services policy. At that time, the cryptocurrency market fell by 53%. On March 14, Google also announced a ban on cryptocurrency ads, and the encryption market price fell another 30%. On March 27th, Twitter joined the ranks, causing the cryptocurrency to fall another 23%. On June 26, 2018, the ban on cryptographic currency advertising was amended to allow some advertisements to enter. However, JPB Liberty believes that the ban was intentionally set up to suppress Libra competitors.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Bitcoin

Commerzbank Secures Crypto Custody License: A Milestone in Digital Asset Services

With the newly acquired license, Commerzbank is now on track to expand their digital asset offerings and establish a ...

Market

Bitcoin price analysis on April 10

Key points Bitcoin prices are slowly climbing towards $5,300 and $5,360. Bitcoin prices are slowly rising and may ris...

Market

🚀 Dogecoin: From Meme to Millionaire?

Renowned cryptocurrency trader KALEO, along with two other esteemed analysts, have made a bold and game-changing decl...

Blockchain

Why is the distribution of bitcoin fair?

Text: Dan Held Compilation: Credit Research Institute Editor's Note: The original title is "The distributio...

Blockchain

Opinion: Bitcoin is shaping a new economic class

Bitcoin is creating a new economic class, people in this class no longer rely on traditional financial institutions, ...

Market

Can Bitcoin still bottom out? Wall Street is ready to go!

Despite the growing number of alliances of Bitcoin (BTC) supporters, it is still not a universal investment. In fact,...