Johnny Lyu

The cryptocurrency industry had its own 'Red Wedding' at federal court in Manhattan yesterday when 11 class action complaints alleging the sale of unregistered securities were filed against 42 defendants in the BVI, Canada, Cayman Islands, China, Estonia, Hong Kong, Israel, Japan, Malta, Seychelles, Singapore, South Africa, Switzerland, Taiwan, USA, and Vietnam.

Class Action Complaint alleging the sale of unregistered securities involving a Singapore cryptocurrency exchange known as KuCoin in Chase Williams v. KuCoin, described as a Seychelles company that was based in Hong Kong before moving to Singapore; Michael Gan, Johnny Lyu, and Eric Don, all described as residents of Singapore, at the U. S. District Court for the Southern District of New York.