Suggestions of 20x returns leads to allegations of fraudulent inducement and conspiracy

Quick Take

  • Coin Signals’ Jeremy Spence raised money on the suggestion of 20x returns through “utilized trading algorithms and unique models…” or your money back
  • Plaintiffs claim Spence roped in parents to hold some of the assets in their personal wallets
  • Plaintiffs recently discovered a private chatroom message suggesting that the group paid their “debt off with deposits”

The Block is delighted to bring you expert cryptocurrency legal analysis courtesy of Stephen Palley (@stephendpalley) and Nelson M. Rosario (@ne