A digital asset purchaser fell short in his latest attempt to make a case against video streaming service Open Props Inc. over its allegedly closed cryptocurrency network, a federal court ruled.
Romein Rostami didn’t adequately allege his reliance on statements implying the company already had a decentralized blockchain-based network, Judge Ronnie Abrams said Tuesday for the US District Court for the Southern District of New York. He also failed to show fraudulent intent, she said in closing the case.
- Rostami alleged token holders lost the Open Props trading platform in August 2021 and couldn’t trade on their own because the ...
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