Crypto
X Files Lawsuit Targets UK Crypto Influencers Over Alleged Misleading Promotions
A lawsuit has been filed against several UK-based crypto influencers in connection to their promotion of X Files, a cryptocurrency that is now at the center of a regulatory investigation.
The suit claims that the defendants made false and misleading statements about X Files on social media platforms, resulting in significant losses for some investors.
According to the lawsuit, the defendants failed to disclose their financial relationships with X Files and its parent company, and instead touted the cryptocurrency as a safe investment opportunity.
The suit seeks damages on behalf of the plaintiffs and is believed to be one of several ongoing investigations into crypto influencers' marketing practices.