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Stormsmedia Sues Giga Watt, Inc. in ICO Class Action Blockbuster

On December 28, 2017, Silver Miller and Terrell Marshall filed a Class Action Complaint against Giga Watt, Inc.  It is important for investors in companies that raise funds utilizing an Initial Coin Offering to know that all pre-functional token sales fit the U.S. laws’ definition of the sale of a security, which means the seller

KRAKEN CEO JESSE POWELL ADMITS THERE IS “NO DEFENDING THE RECENT STATE OF THE [KRAKEN] PLATFORM”; SILVER MILLER FILES NEW CLAIMS

While cryptocurrency exchange Payward, Inc. d/b/a Kraken (“Kraken”) has advertised itself for years as being the “best Bitcoin exchange” and has claimed that it provides “sound and reliable” access and support every hour of every day of the year, Kraken’s own Chief Executive Officer (Jesse Powell) has publicly conceded that Kraken’s promises of security and

FORMER SEC COMMISSIONER HARSHLY CRITICIZES INITIAL COIN OFFERINGS

Earlier this week, Joseph Grundfest — a former Commissioner with the U.S. Securities and Exchange Commission (SEC) — spoke loudly and critically against the wildly-popular fundraising mechanism known as an Initial Coin Offering (ICO). While questioning why the SEC has not been more forceful in investigating ICOs for the harm they can cause investors, Mr.

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