Lawsuit against PoolTogether thrown out by US court

Lawsuit against PoolTogether thrown out by US court



To support PoolTogether's legal defense, the defi community came together and raised $1.4 million through the sale of nonfungible tokens (NFTs) last year.



In a recent development on June 7, a judge in the United States dismissed the lawsuit against PoolTogether, ruling that the federal court system was not the appropriate venue to address concerns related to the decentralized finance startup.



Joseph Kent, a software engineer who had previously worked on Senator Elizabeth Warren's 2020 electoral campaigns, accused PoolTogether of engaging in an illegal lottery. Kent claimed that he had invested $12 and demanded double the initial investment ($24), along with reimbursement for legal expenses incurred during the litigation process.



However, PoolTogether's operational principle ensures that participants always have a positive


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#Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #PoolTogether, #Regulations

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