Token Class ActionToken Class Action is the division of LEXIA specialized in providing assistance to Italian and foreign investors who wish to initiate Class Actions or other compensatory actions against entities engaged in the issuance, offering, custody, and intermediation of cryptocurrencies and tokens (e.g., exchanges, wallets, ICO, IEO, and STO issuers) in violation of Italian and EU legal and regulatory frameworks.

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  • Lawsuit against Binance to recover damages suffered by investors on “Binance Futures” platform

    Lawsuit against Binance to recover damages suffered by investors on “Binance Futures” platform

    Open Class Actions

    LEXIA to assist investors in a lawsuit against Binance to recover damages suffered on “Binance Futures”

    The law firm LEXIA, in collaboration with the Swiss Blockchain Consortium, has been engaged by a group of Italian and international investors to to recover damages suffered by such investors on “Binance Futures” platform.

    In breve
    • Claimant: Italian and international investors
    • Defendant: Binance
    • The platform has offered derivate financial instruments (futures) without being licenced by the competent authority
    • Lack of information to the investors
    • Anomalies in the functioning of the trading platform
    • Breach of the rules of conduct vis à vis the investors
  • Legal Action ICO Friendz

    Pending Legal Actions

    Some Italian investors required legal assistance to Lexia Avvocati to file an action for damages in relation to the ICO (Initial Coin Offering) made by the Italian company Friendz S.r.l. and the Swiss company Friendz S.A. during the 2018, through which the companies have collected more than € 24 million.

    Lexia Avvocati has been engaged by a group of Italian investors to take a legal action for damages in relation to the alleged unlawful public offer of “financial products” under Italian laws, the “financial products” were tokens called “Friendz Coin” (FDZ). The Italian company Friendz S.r.l. and the Swiss company Friendz S.A. have jointly created and promoted the ICO and the Token FDZ. Friendz Coin public offer last from 1 March 2018 to 21 March 2018.

    In breve
    • Founder of the ICO: Friendz S.r.l. and Friendz S.A.
    • Token name: FDZ
    • Token sale date: 1 March– 21 March 2018
    • Investment collected: more than 24 million of Euro
    • Price value loss: more than 94%
    • The issuer did not fulfill the obliegations set out on the White Paper
    • Lack of information given to investors after the ICO
Lawsuit against Binance to recover damages suffered by investors on “Binance Futures” platform

Lawsuit against Binance to recover damages suffered by investors on “Binance Futures” platform

Open Class Actions

LEXIA to assist investors in a lawsuit against Binance to recover damages suffered on “Binance Futures”

The law firm LEXIA, in collaboration with the Swiss Blockchain Consortium, has been engaged by a group of Italian and international investors to to recover damages suffered by such investors on “Binance Futures” platform.

At a glance
  • Claimant: Italian and international investors
  • Defendant: Binance
  • The platform has offered derivate financial instruments (futures) without being licenced by the competent authority
  • Lack of information to the investors
  • Anomalies in the functioning of the trading platform
  • Breach of the rules of conduct vis à vis the investors

Legal Action ICO Friendz

Pending Legal Actions

Some Italian investors required legal assistance to Lexia Avvocati to file an action for damages in relation to the ICO (Initial Coin Offering) made by the Italian company Friendz S.r.l. and the Swiss company Friendz S.A. during the 2018, through which the companies have collected more than € 24 million.

Lexia Avvocati has been engaged by a group of Italian investors to take a legal action for damages in relation to the alleged unlawful public offer of “financial products” under Italian laws, the “financial products” were tokens called “Friendz Coin” (FDZ). The Italian company Friendz S.r.l. and the Swiss company Friendz S.A. have jointly created and promoted the ICO and the Token FDZ. Friendz Coin public offer last from 1 March 2018 to 21 March 2018.

At a glance
  • Founder of the ICO: Friendz S.r.l. and Friendz S.A.
  • Token name: FDZ
  • Token sale date: 1 March– 21 March 2018
  • Investment collected: more than 24 million of Euro
  • Price value loss: more than 94%
  • The issuer did not fulfill the obliegations set out on the White Paper
  • Lack of information given to investors after the ICO