{"id":82236,"date":"2023-07-26T19:02:06","date_gmt":"2023-07-26T16:02:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=82236"},"modified":"2025-09-12T03:48:17","modified_gmt":"2025-09-12T00:48:17","slug":"eos-network-foundation-to-sue-block-one-for-1-billion","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/eos-network-foundation-to-sue-block-one-for-1-billion\/","title":{"rendered":"EOS Network Foundation to sue Block.one for $1 billion"},"content":{"rendered":"<p>The nonprofit EOS Network Foundation (ENF) intends to file a $1 billion lawsuit against Block.one, the company behind the EOS blockchain project.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/MwqOfd4RPUce8HnB8nRwcifw_Xl-8i7R0aTv_5bOV2kcKOuJrZauH5N35vUfQhjoLvKfy8XqeOpZ0rySkT2r8LedFs9QeEiZoGPEgtHQ97r5ArKRgac-99JjTDPBMGCiqkhKBiUEjTpX9Z6PNAx0Ulk\" alt=\"EOS Network Foundation \u043f\u043e\u0434\u0430\u0441\u0442 \u0438\u0441\u043a \u043f\u0440\u043e\u0442\u0438\u0432 Block.one \u043d\u0430 $1 \u043c\u043b\u0440\u0434\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/twitter.com\/BigBeardSamurai\/status\/1684007512721219584?s=20\">Twitter<\/a>.<\/figcaption><\/figure>\n<p>According to ENF CEO Yves La Rose, the organization is preparing a collective action against the firm for &#8220;non-fulfilment of investment commitments&#8221; on the specified amount.<\/p>\n<p>La Rose noted that Block.one <a href=\"https:\/\/www.reuters.com\/legal\/transactional\/blockones-revived-22-mln-settlement-could-be-template-crypto-class-actions-2023-01-30\/\">\u0434\u043e\u0431\u0438\u0432\u0430\u0435\u0442\u0441\u044f<\/a> settlement of another class action through the payment of $22 million. Prior to that, the company rejected <a href=\"https:\/\/forklog.com\/en\/news\/eos-climbs-19-after-block-one-court-ruling\">an agreed settlement<\/a> with investors to withdraw the suit for $27.5 million.<\/p>\n<p>La Rose also warned that participants in the previous round of claims against Block.one would have to relinquish their prior demands to be eligible for potential payouts under the new suit.<\/p>\n<p>In May, the ENF CEO recalled that the company had promised to invest $1 billion of the $4.2 billion raised in the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-an-ico-and-can-you-profit-from-it\">ICO<\/a> in 2018.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/DmxHsTnW_G-Ywo4Bwnbc3kELEAR6pTl6bfJ2TmN5xGCS7y0RW39C5TpfnxXND0uO1jVjA7Ufrtxsy6OzFra4-WEfIMYuZMMfc-bh-1A2LiVeOBwezpRXCILW6kPYtP0lhTnVFLTK3umZRaN7P_XnL6w\" alt=\"EOS Network Foundation \u043f\u043e\u0434\u0430\u0441\u0442 \u0438\u0441\u043a \u043f\u0440\u043e\u0442\u0438\u0432 Block.one \u043d\u0430 $1 \u043c\u043b\u0440\u0434\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/twitter.com\/BigBeardSamurai\/status\/1659959817719488512\">Twitter<\/a>.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;When the company undertook these investment commitments, it was widely known \u2026, but it provided minimal real support for the development of the EOS network,&#8221; he wrote at the time.<\/p>\n<\/blockquote>\n<p>In December 2021, <a href=\"https:\/\/forklog.com\/en\/news\/eos-community-halts-payout-of-230-million-to-block-one\">the EOS community decided to halt regular payments to Block.one<\/a>, saying that it no longer acted in the project&#8217;s interests.<\/p>\n<p>Earlier, experts <a href=\"https:\/\/forklog.com\/en\/news\/analysts-identify-signs-of-manipulation-in-eos-ico-worth-4-2-billion\">found signs of manipulation<\/a> in the ICO conducted by the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The nonprofit EOS Network Foundation (ENF) intends to file a $1 billion lawsuit against Block.one, the company behind the EOS blockchain project.<\/p>\n","protected":false},"author":1,"featured_media":82237,"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":[1850,1162,817],"class_list":["post-82236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-block-one","tag-court-cases","tag-eos"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82236","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=82236"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82236\/revisions"}],"predecessor-version":[{"id":82238,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82236\/revisions\/82238"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/82237"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=82236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=82236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=82236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}