Burwick Law Files Class Action Against Kelsier Ventures Over $LIBRA Token Launch
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Mar 18 2025Class-Action Lawsuit Filed: Burwick Law has initiated a class-action lawsuit against Kelsier Ventures, KIP Protocol, and Meteora for allegedly engaging in deceptive practices during the $LIBRA token launch, which resulted in significant financial losses for retail investors.
Allegations of Price Manipulation: The lawsuit claims that the defendants manipulated token prices by withholding 85% of the supply and employing misleading liquidity strategies, leading to a drastic 94% price drop after public trading began.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
