{"id":24775,"date":"2022-08-03T02:22:36","date_gmt":"2022-08-03T02:22:36","guid":{"rendered":"http:\/\/egrowonline.com\/?p=24775"},"modified":"2022-08-03T02:22:36","modified_gmt":"2022-08-03T02:22:36","slug":"crypto-buyer-says-he-was-tricked-into-buying-securities","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=24775","title":{"rendered":"Crypto Buyer Says He Was Tricked Into Buying Securities"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"article-body\" style=\"min-height:275px\">\n<div id=\"teaser\">By Elise Hansen (August 2, 2022,  9:02 PM EDT) &#8212; A cryptocurrency buyer has sued an advisory firm and its backers in Nevada federal court, saying he was misled into investing in various cryptocurrencies that are actually securities and didn&#8217;t pan out financially as promised.<\/p>\n<p>Brent Jay on Monday sued Distributed Network Advisors LLC, called DNA, and several of its purported executives, saying they misrepresented the cryptocurrency tokens&#8217; legal status and financial promise. DNA was a blockchain and cryptocurrency advisory company that advertised its ability to help startups raise money and structure their initial coin offerings.<\/p>\n<p>Jay said he was talked into buying &#8220;Wax&#8221; tokens associated with the WAX blockchain \u2014&#8230;<\/p>\n<\/div><\/div>\n<div>\n<h3>Stay ahead of the curve<\/h3>\n<p>In the legal profession, information is the key to success. You have to know what\u2019s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.\n\t\t\t\t\t\t<\/p>\n<p><\/p>\n<ul>\n<li>Access to case data within articles (numbers, filings, courts, nature of suit, and more.)<\/li>\n<li>Access to attached documents such as <strong>briefs, petitions, complaints, decisions, motions, etc.<\/strong><\/li>\n<li>Create custom alerts for specific article and case topics and <a target=\"_blank\" href=\"https:\/\/www.law360.com\/about\" title=\"About Law360\" rel=\"noopener\">so much more!<\/a><\/li>\n<\/ul>\n<p class=\"try-free\">TRY LAW360 <strong>FREE<\/strong> FOR SEVEN DAYS<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.law360.com\/articles\/1517331\/crypto-buyer-says-he-was-tricked-into-buying-securities\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Elise Hansen (August 2, 2022, 9:02 PM EDT) &#8212; A cryptocurrency buyer has sued an advisory firm and its backers in Nevada federal court, saying he was misled into investing in various cryptocurrencies that are actually securities and didn&#8217;t pan out financially as promised. Brent Jay on Monday sued Distributed Network Advisors LLC, called [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":639,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[39],"tags":[9001,1140,62,888,10188],"class_list":["post-24775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ico","tag-buyer","tag-buying","tag-crypto","tag-securities","tag-tricked"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2021\/11\/law360-stacked.png","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/24775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24775"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/24775\/revisions"}],"predecessor-version":[{"id":24776,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/24775\/revisions\/24776"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/639"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24775"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}