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Two US Law Firms File Class Action Against Altcoin Nano and Exchange BitGrail

“Two United States law firms have filed a lawsuit against the developers of altcoin Nano (NANO) as well as Italian cryptocurrency exchange BitGrail, according to a notice published Jan. 7” writes Ana Alexandre for Crypto-focused law firm Silver Miller and securities law firm Levi & Korsinsky have filed a class action lawsuit representing James Fabian — “and on behalf of all other persons similarly situated” — an investor in Nano, formerly known as RaiBlocks (XRB).The lawsuit also accused Nano’s team of violating U.S. securities laws by selling unregistered securities and negligently misrepresenting the reliability of BitGrail.The lawsuit alleges that Nano and “key members of its core team” violated federal securities laws and directed investors to open accounts and place funds in “little known, and severely troubled” Italian cryptocurrency exchange BitGrail.

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