L-R: Anna Olin Richardson, Joshua J. Iacuone, and Chase J. Potter of Iacuone McAllister Potter. Courtesy photosTexas Bitcoin Mining Execs Sued for Alleged ‘Deception and Brazen Self-Dealing’
“We believe our lawsuit is only the tip of the iceberg with respect to potential claims against the defendants,” said Chase Potter, a partner at Iacuone McAllister Potter.
December 17, 2024 at 03:25 PM
3 minute read
What You Need to Know
- Executives from Rhodium Enterprises have been hit with a lawsuit.
- Plaintiffs claim millions were invested without disclosure of the facility's sale to Riot Blockchain.
- The lawsuit highlights growing legal disputes in the Bitcoin mining and cryptocurrency industries.
Executives from Rhodium Enterprises have been hit with a lawsuit in Texas state court over allegations of “deception and brazen self-dealing” by several investors who claimed the Bitcoin miner attempted to conceal the sale of the company's operational facilities to a competitor, which led to its bankruptcy filing earlier this year.
Anna Olin Richardson, Joshua Iacuone and Chase Potter, partners at Iacuone McAllister Potter in Dallas, Texas, represent 345 Partners SPV2 LLC, the Grant Fairbairn Revocable Trust and over a dozen additional plaintiffs against the defendants, the Rhodium executives and Imperium Investments Holdings Inc.
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