On October 17, video game developer FractureLabs filed a lawsuit against cryptocurrency market maker Jump Trading, accusing it of "fraud and deception" by manipulating the price of tokens used in online games.
According to the lawsuit, FractureLabs plans to raise funds in 2021 by issuing DIO tokens for the first time on Huobi HTX. The company said it retained Jump as a market maker for DIO, a token used in its online game Decimated that is also traded on crypto markets. As part of the agreement, it lent 10 million tokens to one of Jump's subsidiaries, while sending 6 million DIO tokens separately to HTX for sale in the offering.
Game developer Fracture Labs is suing Jump Trading for making millions by manipulating the price of its tokens
2024-10-17 00:39:34
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