TokenPay Threatens To File Lawsuit Against Crypto Expert Tone Vays
Tone Vays, a well-known cryptocurrency analyst, trader, and bitcoin enthusiast, may get a lawsuit from TokenPay for libel and dissemination of defamatory information.
According to Vays, representatives of SG Law Group, acting as the defenders of TokenPay in court, sent him an official order in which they demanded the analyst to stop distributing false and offensive information that was voiced by him in one of last year's video on the YouTube channel.
Here, Vays expressed accusations against the payment solution provider TokenPay and stated that the exchange was selling scam tokens to customers. He also called the project fraudulent. It is noteworthy that in 2017 the company managed to attract $24 million as a result of the initial coin offering.
Vays critically assessed the received order, and he considers the case a dead end. In his opinion, the letter resembles a compilation of similar documents and has no legal force. However, the trader stated that he intends to consult his lawyer still.
After receiving the prescription, the cryptocurrency analyst decided not to stop criticizing the company, but he continued to disclose, in his opinion, fraudulent actions of its representatives. In particular, he questioned the honesty of some declared partnerships of TokenPay. He suggested that the firm paid some money to Charlie Lee, the Litecoin creator, to list his name among its partners.
As previously reported, according to Tone Vays, a sharp rise in the cryptocurrency market may be due to price manipulations, as well as media influence.