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COMP1-USD.CC
id: 515

Compound Coin (COMP) Case

N.D. California
Court
22-CV-07781
Case number
Compound DAO and the Partners sold Unregistered COMP directly to investors through the Compound protocol, in exchange for using the service and paying fees.

Compound DAO and the Partners also solicited sales of COMP on the secondary market through their extensive promotion of COMP, their efforts to facilitate and encourage a robust secondary market for COMP, and their performance of other steps necessary to the widespread distribution of COMP to Investors.

The Company and the Partners offered and sold COMP to the public and solicited such sales without registration that put the extra risk of damages on their Holders and make its marketing, promotion, and distribution illegal.
  • On May 11, 2021, the value of a COMP token was $854, and the total market capitalization was over $4 billion.
  • Six weeks later, COMP experienced its first crash. The value of a token fell to $222 on June 25, 2021, and the total market capitalization was $1.18 billion.
  • Since November 2021, it has experienced a consistent decline in value. The market capitalization was $1.33 billion on January 1. It was $1.06 billion on April 1. It was $423 million on August 1. On November 1, 2022, it was $360 million.
  • On December 1, 2022, it was $276 million.

Since the launch the COMP price has fallen over 85%, seriously damaging Investors and Consumers.
Alleged Offence
Mismanagement
Misleading Statements
Financial Misrepresentation
Fraud
Failure to Disclose
Malpractice
Negligence
Breach of Fiduciary duty
Omissions
Suspected Party
Directors
Management
Shareholder
Influencer
Investment Bank
Service Provider
Security Type
Crypto Asset
Trade Direction
Long
Shock Event Date
19 December 2022
Filing date
08 December 2022
Judge
Hon. William H. Orrick
Collecting participants…

Compound Coin

Symbol
COMP1-USD.CC
Category
token
MarketCap
$248M
All Time Low
$27
All Time High
$911