Another class-action lawsuit, along with a restraining order, has been filed against UK-based Bitconnect, this one in Kentucky.
Brian Paige is suing Bitconnect for an undisclosed sum for operating an alleged online investment scam — a Ponzi scheme — in the second such lawsuit filed against the lending and exchange platform in a week. At least 100 members have joined the class action, reflecting an “amount in controversy” that surpasses $5 million.
The latest class-action lawsuit was filed in the US District Court for Kentucky, Louisville Division on Jan. 29. Paige is being represented by Jasper Ward of Jones Ward PLC in Louisville, Kentucky and Abigale Rhodes Green of an injury law firm that bears her name.