Burwick Law firm takes legal action against Kelsier, KIP, and Meteora over alleged unfair LIBRA token launch
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Mar 18 2025Burwick Law's Class Action Complaint: Burwick Law firm has filed a class action lawsuit in the Supreme Court of New York against Kelsier, KIP, and Meteora, alleging that they orchestrated an unfair launch of the LIBRA token, misleading investors and manipulating market dynamics to their advantage.
Allegations of Deceptive Practices: The complaint claims that the defendants employed a single-sided liquidity model to inflate LIBRA's price, withheld 85% of the token supply at launch, and failed to disclose critical information about the token's true liquidity structure, resulting in significant financial losses for retail investors.
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.
