In a project called “Final ICO,” Matsuyama aimed at pre-selling a listed fixed coin that had the potential to increase its price a thousand times.
Matsuyama allegedly operated his business without disclosing any company name, and reportedly claimed having a career as a system engineer.
Coin Crashed to 1/20th Its Price
About two weeks after being listed, Withcoin crashed to 0.139 yen.
As of June, more than 420 victims gathered on the crowdfunding class action litigation project Enjin for reported damages of over 1.3 billion yen ($ 12m).
The post Japanese Class Action Against Gambling Coin Claims $ 12m Damages appeared first on Bitcoin News.

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