Court Rejects Bancor's Bid to Dismiss Lawsuit — Here’s How You Can Recover Your Losses

Court: W.D. Texas Case: 23-CV-00533Bancor requested the court to dismiss filed by investors, but the court has denied this motion. The case will proceed.What is this lawsuit about?On June 12, 2017, Bancor (operated by BProtocol Foundation) raised $153 million through an ICO, allegedly offering and selling unregistered securities in violation of U.S. securities laws.On June 19, 2022, during a spike in withdrawals, Bancor suspended its LP Program’s impermanent loss protection—despite promising 100% protection. Investors who withdrew during this time suffered significant, undisclosed losses due to withheld payments and additional haircuts. These actions resulted in tens of millions in damages, with some individuals suffering catastrophic losses.Then, on May 11, 2023, shareholders filed a claim against Bancor.What can you do to recover your losses now?We’re keeping track of all updates and will notify investors about potential recovery.More than 600 companies are currently facing securities class action lawsuits, and over 100 are already paying settlements. Connect your brokerage account to automatically check which ones you may have missed.