The developer of a post-apocalyptic Web3 game sued market maker Jump Crypto for allegedly dumping its coins on the market in breach of its contract.
Fracture Labs, creator of the Web3 game Decimated, has filed suit against market maker Jump Crypto for allegedly orchestrating a pump-and-dump scheme using its in-game currency, DIO.
In a complaint filed on Oct. 15 in the United States District Court for the Northern District of Illinois, Eastern Division, Fracture Labs alleges that Jump Crypto conspired with crypto exchange Huobi (now known as “HTX”) to freeze $1.4 million of the developer’s funds and refuse to return it.
Fracture Labs lawsuit against Jump Crypto. Source: Fracture Labs.
