• MakerDAO lawsuit
    Alt coins,  Ethereum

    MakerDAO lawsuit seeks $28 million over ‘Black Thursday’ losses

    A scathing court document alleges that the Maker Foundation ‘misrepresented the actual risks’ that borrowers faced in the event of a sudden price drop

    It was only a matter of time until the MakerDAO lawsuit appeared. On April 14 the Maker Foundation was hit with a $28 million class action suit after the “Black Thursday” crypto crash last month at exposed fundamental flaws in its decentralized lending platform.