Odaily Planet Daily News EOS Network Foundation (ENF) founder and CEO Yves La Rose announced on Twitter that ENF is preparing to sue the main investor Block. investment commitment".
Block.one is trying to settle another class action lawsuit for $22 million after it rejected a $27.5 million settlement with lead plaintiff Crypto Assets Opportunity, according to La Rose.
According to La Rose, the class action lawsuit in the United States has been filed since 2017 and is still in the process of being resolved. If you want to join the latest lawsuit initiated by ENF, you need to withdraw from the lawsuit first.
La Rose added that the current deadline to file a claim or opt out of the U.S. class action is August 23, 2023. (Cointelegraph)
Prior to the news on May 21, Yves La Rose, founder and CEO of the EOS Network Foundation, issued an open letter aimed at taking measures to allow Block.one (B1) to fulfill its investment commitment to the EOS network (in 2018 Block.One promised to EOS network invests $1 billion).
The letter mentioned two possible options. The first option is to take legal action against Block.one that failed to fulfill its investment commitment. If enough token holders are interested in filing legal claims, the EOS Foundation is ready to assist in the transfer of EOS Holders get together in order to claim against Block.one; Option two is a hard fork, block producers can consider a hard fork to exclude tokens owned by Block.one, including its encrypted trading platform Bullish Token transactions.