Investor Sues Cryptocurrency Exchange Over Alleged IPO Misstatements

Mealey's (August 12, 2021, 10:34 AM EDT) -- SAN FRANCISCO — A cryptocurrency exchange violated federal securities laws by failing to disclose that its online platform suffered from material weakness and that the exchange had significant cash flow issues in offering documents for its initial public offering (IPO), an investor alleges in an Aug. 10 class action complaint filed in California federal court....