Judge Moves to Dismiss RICO Case Against KuCoin and Chainalysis: Crypto Investors’ Claims Deemed Too Speculative in Landmark Ruling
A federal magistrate judge in Manhattan has recommended tossing a high-stakes RICO lawsuit against cryptocurrency exchange KuCoin and blockchain analytics firm Chainalysis, ruling that investors’ allegations of a racketeering conspiracy to launder stolen digital assets rely on “speculative leaps” rather than concrete evidence. The decision, if adopted by the district court, could shield the defendants … Read more