XRB investors have sued Nano, the rebranded firm that issued those tokens, and requested that the company be ordered to execute a hard fork in order to restore stolen funds.
A newly filed class action lawsuit[1] seeks a hard fork of the Nano network in order to make whole customers of the BitGrail cryptocurrency exchange whose holdings in Nano tokens, or RaiBlocks (XRB) as they were known at the time, were stolen while under the marketplace's custodianship.
On February 9, the exchange revealed[2] that approximately 17 million XRB, representing about 80 percent of the XRB on the platform and worth some $170 million at the time, had been transferred out of its possession through "unauthorized transactions."
The class action filing, dated April 5 and submitted to the United States District Court for the Eastern District of New York, lists Arizona resident and BitGrail customer Alex Brola as the lead plaintiff. The Texas-based Nano, as well as Nano core developers Colin LeMahieu, Mica Busch, and Zack Shapiro (spelled "Zach" in the document) and the company's public relations specialist, Troy Retzer, are named as defendants.
Absent from this list is BitGrail's "founder and principal operator," Francesco Firano, who, along with the exchange, was based out of Italy at the time of the theft.
The suit contends that based on the defendants' "assistance, promotion, and instruction, BitGrail became the predominant and nearly exclusive home for XRB" and that XRB tokens accounted for the bulk of the exchange's trading volume. Nano and BitGrail, it claims, "mutually profited" from a "very close relationship," and the developers named in the suit publicly encouraged would-be investors to use the platform despite knowing that "BitGrail and/or NANO's systems were inherently flawed."
The defendants blamed
