A US judge dismisses the class-action lawsuit against Kelsier Ventures and Meteora over Libra.
2026.10.02 15:53:57
U.S. federal judge Jennifer L. Rochon has dismissed the class-action lawsuit against Libra project organizers Kelsier Ventures, decentralized finance (DeFi) platform Meteora, and developer Benjamin Chow, while rejecting the plaintiff’s request to amend the complaint. The dismissed charges include fraud, violation of the Racketeer Influenced and Corrupt Organizations Act (RICO), breach of New York State General Business Law, and unjust enrichment. The court ruled that the plaintiff failed to prove Meteora constituted a prosecutable unincorporated association or partnership, nor did it demonstrate Kelsier Ventures had a pattern of racketeering activity sufficient to establish a RICO case. The court also noted that Benjamin Chow’s provision of technical assistance prior to token issuance, and Meteora’s collection of transaction fees, were insufficient to prove fraudulent intent. Libra is a token Argentine President Javier Milei once promoted on social media. Estimates show more than 44,000 investors were affected; Milei has since denied responsibility for the investors’ losses. (Bitcoin.com News)
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