The United States District Court for the Central District of California has issued a summons to video-game virtual good company OPSkins Group and Worldwide Asset eXchange (WAX) in response to a complaint filed by Crypto Asset Fund.
On Aug. 15, the court issued a summons to OPSkins Group, WAX and several of their high-level employees in response to a civil complaint filed on Aug. 12 by Crypto Asset Fund and affiliate Digital Capital Management. The complaint included 12 charges, including fraud, unlawful business practices and violation of the Securities Acts of 1933 and 1934. In particular, these concerned the accused’s initial coin offering (ICO) of WAX tokens.