Riot Blockchain Faces Lawsuit in New York Federal Court
- Bitcoin
- Regulation
On April 3, 2020, a lawsuit titled Honig et al. v. Riot Blockchain was filed in New York federal court, alleging misconduct by the Bitcoin mining company. Details were sparse at the time, but CT buzzed with speculation about insider dealings and shady pivots from biotech to blockchain. The case added to growing skepticism about publicly traded crypto firms during the early market hype.