>We are committed to working with affected users who want to pursue a police report, insurance claim, or their own investigation.
Wonder what their commitment is to dealing with customers who want to...
Bitcoin is truth and sometimes truth is painful to acknowledge.
They lied about the physical product they sold. At minimum 8th and 9th commandments. They are admitting fault. Forgiveness is not just about confession but restitution. They say they want forgiveness which means they want both (even if their pride resists). So justice - to them, requires their victims to allow them the chance at restitution. In that sense a class action lawsuit is a moral imperative.
This applies to those influencers who also serves as public paid salespeople. Especially if they espoused a philosophy that they had verified the product (the open source code in this case both enable and compels anyone who was paid by cold kite to verify if the influencer espoused it. And the flaw it seems was basic and sheer incompetence at the basic function).
Many of these salespeople too have expressed fault and confessed for forgiveness ( they too need a chance to make restitution. Again justice for victims is messy but likely privacy for victims is best preserved by class actions). I am not a lawyer but I think shilling a physical product will not be protected from the usual “non financial advice” disclaimer. For example when Apple sells me a computer and I use it to buy a house and the house loses money, Apple isn’t responsible for my financial blunder. But if they sell me a computer and they and their paid endorsers communicate they have verified it’s not a bomb, but a high school level hack causes it to blow up my house, that wasn’t “financial advice” that went awry-> it was a criminal sale.
I feel bad for those who were victimized. Again not a lawyer but I suspect class action lawsuits - as clumsy and frankly bad as they are - will serve a moral purpose to allow justice and healing on both sides. And while they are clumsy they may be more effective in these cases because most of the victimizers are public figures who have no idea how invasive the process
Of discovery is going to be, especially since I bet a lot of them just engaged in a lot of on chain activity; and will probably prefer to settle than go through discovery which may reveal a lot more innocent but technically criminal activity they did as part of routine coin operations that would never otherwise hurt anyone or come to light.
They lied about the physical product they sold. At minimum 8th and 9th commandments. They are admitting fault. Forgiveness is not just about confession but restitution. They say they want forgiveness which means they want both (even if their pride resists). So justice - to them, requires their victims to allow them the chance at restitution. In that sense a class action lawsuit is a moral imperative.
This applies to those influencers who also serves as public paid salespeople. Especially if they espoused a philosophy that they had verified the product (the open source code in this case both enable and compels anyone who was paid by cold kite to verify if the influencer espoused it. And the flaw it seems was basic and sheer incompetence at the basic function).
Many of these salespeople too have expressed fault and confessed for forgiveness ( they too need a chance to make restitution. Again justice for victims is messy but likely privacy for victims is best preserved by class actions). I am not a lawyer but I think shilling a physical product will not be protected from the usual “non financial advice” disclaimer. For example when Apple sells me a computer and I use it to buy a house and the house loses money, Apple isn’t responsible for my financial blunder. But if they sell me a computer and they and their paid endorsers communicate they have verified it’s not a bomb, but a high school level hack causes it to blow up my house, that wasn’t “financial advice” that went awry-> it was a criminal sale.
I feel bad for those who were victimized. Again not a lawyer but I suspect class action lawsuits - as clumsy and frankly bad as they are - will serve a moral purpose to allow justice and healing on both sides. And while they are clumsy they may be more effective in these cases because most of the victimizers are public figures who have no idea how invasive the process
Of discovery is going to be, especially since I bet a lot of them just engaged in a lot of on chain activity; and will probably prefer to settle than go through discovery which may reveal a lot more innocent but technically criminal activity they did as part of routine coin operations that would never otherwise hurt anyone or come to light.