You are viewing a single comment's thread from:

RE: Update on the Crypto Class Action - 20 Nov 2020 Hearing

Interesting case and a brave initiative. To get damages payed, to what level do you have to prove that your loses were incurred by the 'crypto ad ban'? I assume it will be difficult to demonstrate that no other factors where of influence (non-spurious relationship between the ad ban and the bear market). Or perhaps it works in a different way?

What of their defense that they were acting in good faith and protecting their users from the many crypto related scams that used their advertising tool to be more effective.

Good luck in the case, will follow your updates!

Posted Using LeoFinance Beta

Sort:  

At this stage I just have to show I sold ETH for less after the 29 Jan 2018 (when Ad Ban started) than the price before that date.

There is no defence of good faith available.
Or indeed any other defence.
They should have sought authorisation from the Competition Regulator and they didn't.

In any case the amount of scams is wildly exagerated and based on little or no evidence. They banned the legit industry and let the scams through.