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LDO-USD.CC

LIDO (LDO) Token Market Manipulation Case

15 Dec 2022
Class period Start
30 Nov 2023
Class period End
  • In February 2023, the LIDO token dropped by 33%+ without any reason, damaging investors.
  • As a few large Lido holders control protocol and this crypto ecosystem, Investors have reasons to suspect market manipulation.
  • Legal professionals have already started the investigation of this case.
In February 2023, the LIDO token dropped by 33%+ without any reason. Furthermore, $LDO kept sliding down till September 2023, damaging investors.

A recent Blockworks report outlined the reported level of control that a few large Lido token holders may have over the protocol and the cryptocurrency ecosystem. According to the report, Lido is “approaching 33% market dominance,” leading to worry about centralization.

Legal professionals have already launched an investigation into possible market manipulation. If successful, it could pave the way for affected investors to claim potential compensation.
Alleged Offence
Misleading Statements
Fraud
Failure to Disclose
Price manipulation
Omissions
Suspected Party
Directors
Management
Shareholder
Influencer
Security Type
Crypto Asset
Trade Direction
Long
Shock Event Date
30 November 2023
Collecting participants…
Created by Stan Vick, Scout

Lido DAO

Symbol
LDO-USD.CC
Category
token
MarketCap
$2B
All Time Low
$0
All Time High
$11