Glow token founder sues Crypto.com after falling victim to scam
After falling victim to an apparent scam, Bryan Lawrence, CEO of crypto startup Glow Token, has sued major crypto exchange Crypto.com. Glow Token LLC has taken legal action in a Florida court against Crypto.com, accusing the exchange of breach of contract and claiming over $250,000 in damages. The lawsuit acknowledges that Crypto.com might not have been directly involved in the fraudulent scheme. Court documents reveal that earlier this year, Lawrence was approached by individuals claiming to be Crypto.com employees, who engaged him in negotiations to list Glow’s cryptocurrency on the exchange. After months of discussions and document exchanges, Lawrence transferred $250,000 plus one Bitcoin valued at $23,000 to an account he believed belonged to Crypto.com. However, in March, officials from the real Crypto.com informed Lawrence that imposters had scammed him. The exchange denied any record of a listing agreement with Glow Token and instructed Lawrence to cease asserting s...