Investors File Class-Action Lawsuit Against Bancor Alleging Misrepresentation and Unregistered Security Offering

A class-action lawsuit has been filed by a group of investors against the decentralized autonomous organization Banco and its operator BProtocol Foundation, along with the founders, in the United States District Court for the Western District of Texas. The investors allege that Bancor misled them regarding its impermanent loss protection (ILP) mechanism for liquidity providers and operated as an unregistered form of security.

Timeline of Bancor

Crypto market: how are Eos.io (EOS), Bancor (BNT) and Xen (XEN) performing? What are the latest pieces of news involving the cryptocurrencies just mentioned? Here are all the details.

Digital asset firm Okcoin reveals that clients can now “buy AGLD, BNT, DIA, GHST, KP3R, LDO, PERP, and TRB against USD” via the crypto trading platform. All Okcoin customers in the United States and EU (where applicable) can take advantage of this offer.

Desperate to cover the $26 million deficit, the Bancor community is now considering plans for a self-arbitrage bot. The post Bancor DAO mulls proposal for self-arbitrage bot to cover $26 million deficit appeared first on The Block.

Crypto analytics firm Santiment says that an Ethereum (ETH)-based altcoin with one of the highest supply on exchanges will see increased price swings after trading sideways for some time.

There's no denying the fact that the global macroeconomic landscape has continued to deteriorate rapidly over the past year or so, thanks, in large part, to the Federal Reserve's quantitative easing measures (such as interest rate hikes).

Due to “hostile market conditions,” pioneer DeFi trading platforms, Bancor, terminated its temporary loss insurance program over the weekend. This prompted accusations that it wasn't truly decentralized.

Decentralized Finance (DeFi) protocol Bancor, often considered a pioneer in the DeFi space, has come under fire after it paused the impermanent loss protection program. The pause was done citing extreme market conditions and comes at a time when liquidity providers need the protection the most.

Bancor, a decentralized exchange on Ethereum, has paused the Impermanent Loss Protection to protect liquidity providers (LPs) as the crypto market slump continues. The DeFi protocol cited large sales of Bancor (BNT) tokens for its action.

Bancor Protocol has ‘paused' impermanent loss protection, blaming hostile market conditions for the move.  The post Bancor (BNT) End Impermanent Loss Protection, Blame ‘Hostile Market Conditions' appeared first on BeInCrypto.

The Bancor team noted large centralized entities have recently sold large amounts of Bancor tokens. The post Bancor DEX pauses impermanent loss protection amid market instability appeared first on The Block.