BTC-TC failed to register and be compliant.. that doesn't mean they were criminal either.. unless they actually knew the securities they were trading were potentially fraudulent...
They knew they were advertising and trading unregistered securities, and public offering of unregistered securities to unsophisticated investors is indeed a crime.
Is it as big a crime as selling fraudulent securities, or is it only the amount of money that defines that, I dont know and i dont care, thats really not so important is it?
sure it is.. you cant bring a class action against someone for not registering with he relevant authority.. but you can for being complicit in a fraud in which you lost a bucket load of cash.
now I'm not saying that Labcoin is a fraud but if it turns out to be a fraud and it turns out that Exchanges have been complicit in facilitating the fraud then investors could legally seek to recoup funds from the fees that the exchanges collected.
sure there are some investors interested in how big the crime is and getting some kind of justice... but I'm prety sure most investors just want more options for getting their money back and being done with the whole thing.
if LABCOIN shuts down and returns whatever money is left like BTC garden did then I'm sure most of this hoopla would just go away...
no doubt there would still be one or two jaded investors that want to see justice handed down but for the rest of us... dusting off our hands and moving on to better things would be preferable..
