The initial exchange offering, or "IEO," was originally heralded as a "new and improved" version of the ICO and “ICO 2.0." But recently the crypto fundraising model has come under fire, with several examples losing substantial token value in a very short period of time (including two on the incredibly popular cryptocurrency exchange Binance losing 70% of value). Worse yet, rumors are beginning to surface which, if they are to be believed, suggest that many IEOs are nothing more than elaborate cryptocurrency exchange-sanctioned pump-and-dump schemes.
So what is the real story? Gulovsen Law Office is trying to find out and has begun investigating these rumors in order to try and uncover the truth. With that in mind, if you have participated in an IEO please take a moment to review the following four options and if any of them apply to you, fill out the secure PGP-encrypted contact form and someone from Gulovsen Law Office will follow up with you as quickly as possible. There is no charge whatsoever for this as we are simply investigating whether regulatory violations may have occurred. If they do turn out to be true and you suffered financial loss as a result, you may be entitled to an award of damages.
If you worked for a project that launched an IEO on one of the major cryptocurrency exchanges and either witnessed or suspect unethical or inappropriate conduct by the exchange and would like to speak with an attorney about your possible rights, please fill out the secure PGP-encrypted contact form and we will follow up immediately.
If you attempted to purchase tokens during a recent IEO token sale on one of the major cryptocurrency exchanges but were unable to successfully conclude the transaction for any reason and you would like to speak with an attorney about your possible rights, please fill out the secure PGP-encrypted contact form and we will follow up immediately.
If you purchased tokens from a project that had previously conducted an IEO on one of the major cryptocurrency exchanges and you ended up losing money due to a sharp drop in the price of the token and would like to speak with an attorney about your possible rights, please fill out the secure PGP-encrypted contact form and we will follow up immediately.
If you do not have direct firsthand knowledge about any IEO-related legal or regulatory violations but know someone else who does, please forward this page to them using one of the sharing buttons below. Although we do not yet know the extent to which this alleged activity is occurring, if it ends up being as bad as some people have suggested, letting it continue unchecked will only further damage cryptocurrency as a movement. Thank you.
