By Dave Simpson (February 9, 2022, 8:01 PM EST) — A New York federal judge granted certification on Wednesday to a narrowed class of investors in a suit against online crypto-asset exchange KuCoin, which has been accused of not registering as a securities exchange and broker-dealer while selling unregistered securities.
U.S. District Judge George B. Daniels declined to certify a class that includes anyone who purchased any coin through KuCoin, instead narrowing it to those who bought TOMO digital tokens through KuCoin. Judge Daniels accepted a magistrate judge’s October recommendation that the class be narrowed — agreeing that because the class representative, Chase Williams, only claims to have incurred a loss related…
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