Influencers, promoters of shady crypto investments could be held liable

Feb 20, 2022 AlShorts Web Desk

A court ruling in the US made it clear that influencers and promoters could be held liable for "peddling shady crypto investments". The ruling by the 11th Circuit Court of Appeals in the US has come in a 2018 case where some investors filed a class-action lawsuit against open-source cryptocurrency BitConnect and its promoters for running a Ponzi scheme and persuading them to invest for high returns.