Bitwise Faces $2M Lawsuit: Executives Accused of Defrauding Investors

The post Bitwise Faces $2M Lawsuit: Executives Accused of Defrauding Investors appeared first on Coinpedia Fintech News Bitwise Asset Management is facing a lawsuit from Vandelay Industries, representing the Mukamal family, which has accused Bitwise and its top executives of fraud, negligence, and executing a “pump and dump” scheme that resulted in significant financial losses for investors and seeks $2 million in damages. Bitwise Executives’ Alleged Misrepresentation In early 2018, Mukamal’s family …