ComplaintsforVBit Technologies, Inc
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Complaint Details
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Initial Complaint
11/23/2022
- Complaint Type:
- Service or Repair Issues
- Status:
- Unanswered
I am ****** ** (Plaintiff), brings Complaint against defendants advanced VBIT Technologies Corp. (VBIT Tech), VBIT Mining LLC (VBIT Mining), *************** Group (***************), ************* a/k/a *** ************* (********), *************** (********), *********************** (************), *********** (**. **** and ************* (********** and, together with the foregoing defendants, the Defendants), for violations of federal securities laws and Delaware law. In support of this Complaint, I alleges the following:1. In a rug-pool scheme that unfortunately has become common in the cryptocurrency industry, Defendants used the lure of profits from the mining of Bitcoin to defraud investors, including me 2.Defendants scheme was: they appear to have offered and sold unregistered securities composed of products. and services that did not exist in the form they said it did and, when their scheme inevitably unraveled, they left ME high and dry 3. As a result of Defendants fraudulent scheme, I have been damaged in the principal amount of $103,011.94 US. plus interest, lost profits, and other damages.4. Specifically, between March 29 2022 and February 22, 2022, I entered into 2 separate agreements with Defendants would purportedly host physical Bitcoin mining equipment at facilities it owned, I paid $103,011.94US for defendants purported hardwares charges and “hosting”services fees.5-June 29, 2022 Defendants no longer service in USA Market. The Defendants had breached the contracts, have engaged in securities fraud and common law fraud, in violation of Delaware law and the Securities Exchange Act of 1934 (the Securities Act). Further, ********* ********* ************* **. *** and ********** (the Individual Defendants) are all culpable participants in Defendants fraudulent scheme, committing acts of misfeasance such that the Individual Defendants should be held personally liable for the misconduct of VBIT Tech, VBIT Mining, and ******** ****** (collectively, the Entity Defendants).
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Customer Complaints Summary
3 total complaints in the last 3 years.
1 complaints closed in the last 12 months.