Investors in GAW Miners LLC’s cryptocurrency mining products can pursue securities fraud claims against the company’s co-owner as a class, a federal court said June 21.
Whether the company made misrepresentations about its computing capacity is an issue common to all class members, Judge Michael P. Shea wrote for the U.S. District Court for the District of Connecticut.
The class potentially includes over 212,000 users who made 33 million transactions, according to a company database.
GAW Miners sold products that allowed buyers to share in the profits generated from mining digital currency.
“An individual can ‘mine’ virtual currency by using ...
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