Police in Yancheg city, Jiangsu province, have been investigating the operation since it came to their attention in October 2020, according to reports.
Daniel Larimer, the CTO of Block.one has announced his resignation from the Block.one team and hints at launching a new project.
EOS DApps have been the most popular targets, accounting for 36% of all attacks, while attacks targeting digital currency wallets have been the most successful.
Block.one co-founder and 2020 U.S. presidential candidate Brock Pierce has been served papers at his recent New York City rally.
The lead plaintiffs had filed incomplete and inaccurate information with the court, including unsubstantiated accusations against Block.one.
EOS, the digital asset created by Block.One, has quietly lost its spot in the top 10 digital currencies by market cap.
Plaintiffs claim Block.one purposefully provided investors with false and misleading information about EOS to draw more investors.
The EOS Ecosystem wallet app has suddenly gone dark, leaving around $52 million in held funds inaccessible by users.
The rewards-based social network being developed by Block.one has reportedly switched away from running on the EOS public blockchain.
The CryptoTime podcast explores how ICOs are getting away with unscrupulous practices and only getting slapped on the wrist.
The regulator has settled with Block.one which it had accused of raising $4.1 billion in an unregistered ICO, and resolving all matters between the two