February 15, 2018 - The case was dismissed.

December 1, 2017 - An investor in shares of Crypto Co (OTCMKTS:CRCW) filed a lawsuit in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by Crypto Co in connection with certain allegedly false and misleading statements made between August 21, 2017, and December 18, 2017.

Malibu, CA The Crypto Company is managing and building digital currencies. On December 19, 2017, the U.S. Securities and Exchange Commision (“SEC”) temporarily suspended Crypto Co (OTCMKTS:CRCW) stock from trading due to concerns that the stock was being manipulated after the shares surged more than 17,000% in less than 3 months. The SEC said it was alarmed about “the accuracy and adequacy of information” relating to the compensation paid for promotion of its and statements in SEC filings about the plans of the Company’s insiders to sell their stock. Crypto stock was trading at $575 per share at the time trading was suspended and the suspension will remain in effect until January 3, 2018.

According to the complaint the plaintiff alleges on behalf of purchasers of Crypto Co (OTCMKTS:CRCW) common shares between August 21, 2017, and December 18, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between August 21, 2017, and December 18, 2017, the Defendants made false and/or misleading statements and/or failed to disclose that Crypto Co unlawfully engaged in a scheme to promote and manipulate the Company’s stock, and that as a result, Crypto Co’s public statements were materially false and misleading at all relevant times.