Glow Token Sues Crypto.com for Alleged Fraud and Breach of Contract!

The post Glow Token Sues Crypto.com for Alleged Fraud and Breach of Contract! appeared first on Coinpedia Fintech News

Glow Token, a crypto startup, has filed a breach of contract lawsuit against Crypto.com, seeking compensation of more than $250,000. Glow Token claimed that it was defrauded earlier this year by individuals who posed as Crypto.com employees and negotiated to list its cryptocurrency on the exchange. Glow Token’s CEO transferred $250,000 and one bitcoin to an account he believed belonged to Crypto.com following negotiations, but the claimed listing agreement was subsequently denied. Crypto.com’s negligence is also being blamed, and the platform stands accused of using internal traders.