Redmins Files Class Action Lawsuit Against Monkey Capital and its Principal, Daniel Harrison, for Fraudulently-Promoted and Aborted Initial Coin Offering

December 20, 2017 | Back to News

December 19, 2017

Redmins — the leading cryptocurrency investor law firm in the country, with actions currently pending against the Kraken, and Cryptsy exchanges as well as the first federally-filed class action lawsuit against heavily-embattled Tezos and its billion dollar Initial Coin Offering (ICO) — has filed a new federal court class action lawsuit against Monkey Capital and its principal, Daniel Harrison, for what appears to have been a fraudulently-promoted ICO that violated numerous state and federal securities laws. Almost as quickly as it had gathered millions of dollars in cryptocurrency from solicited pre-ICO investors, Monkey Capital aborted its ICO just days before it was scheduled to commence, deactivated its website, liquidated the investors’ funds, and devalued the market of the Coeval cryptocurrency options that Monkey Capital had created and issued to its investors in exchange for their investment funds. Left confused and frustrated by the calamitous turn of events, many blindsided investors have demanded answers from Mr. Harrison and Monkey Capital, who have avoided providing any answers or relief to the victims of their scheme.

As ICOs have become more frequently used as a fundraising tool for start-up blockchain technology companies, so too has fraud upon cryptocurrency investors become more frequent; and Monkey Capital appears to have been a prime example of the harm investors can suffer in the wild world of cryptocurrency. Redmins continues to be a strong advocate for aggrieved cryptocurrency investors harmed by the misrepresentations and illegal actions of digital asset exchanges, trading platforms, and ICO promoters. If you have invested in an ICO and are concerned that your investment is in jeopardy or that you have been defrauded, contact Redmins for a no-cost, no-obligation consultation to discuss your legal rights.

See the Class Action Complaint:

Hodges, et al. v. Monkey Capital LLC, et al.

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