Summary of #bitmain #lawsuit
▻https://hackernoon.com/summary-of-bitmain-lawsuit-ed3a3412c965?source=rss----3a8144eabfe3---4
Gor Gevorkyan v. Bitmain, Inc., Bitmain Technologies, Ltd. And DOES 1 to 10A lawsuit was filed in the Northern District of California against Bitmain on 11/19/2018. See ▻https://www.scribd.com/document/393971649/Bitmain-Class-ActionIn a brief summary, the Plaintiff alleged that Bitmain marketed and sold ASIC miners that were preconfigured to use the customers’ electricity to generate crypto for Bitmain’s own benefit.The Plaintiff bought his ASIC in January 2018, it was hard to configure, and it came pre-configured to operate in full power mode, at which time it mined for the benefit of Bitmain, using the Plaintiff’s electricity. The complaint alleges there are over 100 Class members and the amount in controversy exceeds $5 Million.Plaintiff’s first count is that Bitmain used unfair (...)