{"id":65962,"date":"2022-08-17T17:43:44","date_gmt":"2022-08-17T14:43:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=65962"},"modified":"2025-09-06T22:52:20","modified_gmt":"2025-09-06T19:52:20","slug":"eos-climbs-19-after-block-one-court-ruling","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/eos-climbs-19-after-block-one-court-ruling\/","title":{"rendered":"EOS climbs 19% after Block.one court ruling"},"content":{"rendered":"

EOS rose 19.1% in 24 hours, with the asset trading around $1.53, according to CoinGecko<\/a>. The price jump followed a court ruling in the Block.one lawsuit.<\/p>\n

\"EOS
Data: CoinGecko.<\/figcaption><\/figure>\n

Over the past seven days, the coin’s price rose more than 29%. Bitcoin rose 1.1% over this period, and Ethereum, ahead of the crucial upgrade The Merge<\/a>, rose 8%.<\/p>\n

In May 2020, investors filed a class-action suit against Block.one, which initially launched the EOS network. They alleged that the project’s $4.2 billion ICO was a sale of securities.<\/p>\n

In June 2021, Block.one agreed to settle the dispute<\/a> with a payment of $27.5 million.<\/p>\n

On August 15, the judge of the Southern District of New York, Lewis Kaplan, declined to approve the settlement. According to The Block<\/a>, he ruled that the lead plaintiff, Crypto Assets Opportunity Fund, did not adequately represent the interests of all investors.<\/p>\n

In December 2021, the EOS community decided to discontinue regular payments to Block.one<\/a>, saying that it no longer acts in the interests of the network.<\/p>\n

In February 2022, the EOS Network Foundation, a nonprofit, announced its intention to recover $4.1 billion from the company<\/a>.<\/p>\n

Earlier, Integra analysts found signs of manipulation<\/a> in the EOS ICO.<\/p>\n

Follow ForkLog’s Bitcoin news on our Telegram \u2014 cryptocurrency news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

EOS rose 19.1% in 24 hours, trading at around $1.53, according to CoinGecko. The price jump followed a court ruling in the Block.one lawsuit.<\/p>\n","protected":false},"author":1,"featured_media":65963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1850,817],"class_list":["post-65962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-block-one","tag-eos"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/65962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=65962"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/65962\/revisions"}],"predecessor-version":[{"id":65964,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/65962\/revisions\/65964"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/65963"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=65962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=65962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=65962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}