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Cryptocurrency Investors Sue Exchanges, Issuers in New York

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Photographer: Jung Yeon-Je/AFP via Getty Images

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A group of investors sued four cryptocurrency exchanges and seven issuers claiming they sold billions of dollars of unregistered digital tokens and other securities in violation of U.S. securities laws.

The lawsuits name exchanges Binance, Bibox, BitMEX and KuCoin, and issuers Block.one, Tron, Bancor, Civic, Kybercoin, Quantstamp and Status, according to attorneys for the plaintiffs. The suits, filed late Friday in Manhattan federal court, seek to represent classes of cryptocurrency investors.