‘Massive’ Class-Action Lawsuit Filed by Crypto Adoption Conference Attendees

Suzat

May 8, 2020 11:02 am

Lawsuit Filed by Crypto Adoption Conference Attendees
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David Silver, Securities fraud and investment loss attorney has registered a class-action lawsuit on behalf of attendees against the organizer of the cancelled Massive Adoption crypto conference, charging compensation for damages following its cancellation in January.

Per the Complaint filed on May 7, a crypto conference that was assumed to be held in February 2020 was cancelled on January 31 and Ashley Gentry is the lead plaintiff in a 2,000-person lawsuit against Jacob Kostecki, the creator of “Massive Adoption in Memphis: Blockchain and Digital Assets”.  

The lawsuit, registered in the US District of Colorado by Silver, started with Kostecki’s commitment to Refund tickets and packages within 6months from the conference, reflecting through a line by Norman Vincent Peale:

 “Promises are like crying babies in a theatre: they should be carried out at once” 

Gentry’s attorney affirms that Kostecki has induced “significant financial loss” and has failed “to carry out his promises”. The complaint demands compensation for damages due to wasted airfares, attorney fees, other applicable costs, and interest.

Massive Adoption became a massive flop

The Massive Adoption Crypto Festival was first scheduled for November 2019 in Memphis before being postponed to February 27-28, 2020. 

The conference was organised for 2,000 registered attendees, people who are open and willing to spend 2 days learning about the Bitcoin, cryptocurrencies and blockchain with 60 speakers lined up. For which Kostecki sold tickets and hotel and airfare packages months prior to the event. 

However, Kostecki cancelled the event somewhat unexpectedly on January 31,  tweeted that he was experiencing “cash flow issues” in the days prior.

Kostecki has been very vocal tweeting about refunds and apologizing, saying on March 3 that many “refunds have been made.” 

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