Nasdaq-Listed Company Xunlei Faces Class-Action for Disguising ICO

Nasdaq-listed technology firm Xunlei has become the subject of multiple class-action lawsuits from investors who purchased the company’s digital token, Linktoken. Xunlei is accused of misleading investors to disguise an initial coin offering (ICO) through which Linktoken was distributed.

Also Read: Survey: 89% of Visa, Mastercard, Unionpay Users Know Crypto – 53% Have Purchased

Xunlei CEO Rejects ICO Allegations

The chief executive officer of Xunlei, Chen Lei, has rejected accusations...

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