An investor who froze nearly $2 million worth of assets in the failed digital currency lender BlockFi has filed a class action against its founder, two executive directors' accounts and Gemini, a password trading center.

In a civil complaint filed with the New Jersey District Court on February 28th, investor Trey Greene accused the defendant of a number of misconduct, including violations of customer fraud and trading center laws, breach of fiduciary duties, and provision and sale of unregistered securities.

The BFI [BlockFi] defendant means that the unfiled securities sold by BlockFi are marketed by Prince and Marquez for years of continuous misrepresentations and major omissions, as well as by the defendant Gemini intermittent distortions.

Green claims that she has invested more than $1.5 million in her interest account on supposedly unregistered securities, mastered more than $400000 in capital gains, and earned additional investment interest.

But on November 10th, the same day FTX declared bankruptcy, after BlockFi froze all withdrawals, he was unable to acquire assets at this stage.

Green further claimed that the man was rumored by BlockFi founders Zach Prince and Flory Marquez that such products could be compared to federal insurance bank loan products, enticing him to buy "unregistered securities."

Although the Foreign Securities Trading Federation (Securities And Exchange Commission) accused BlockFi of "being unable to record the prices and sales of its retail data encryption credit products", the document said that the trading center "recognized its [loan interest] account as unregistered securities" during the lawsuit and finally reached a settlement of $50 million on February 15th.

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Taiqin Winkworth's Gemini previously used its hosting service to escrow the encrypted assets of BlockFi customers and is accused of distorting the availability of some assets to customers.

Gemini understands and acquiesces important misrepresentation and misleading statements about the location, reliability and universality of the property of the relevant appellants and class members in Gemini and the risk of damage. Gemini brings serious misrepresentation and false information to BlockFi for marketing and promotion of BlockFi interest accounts.

Gemini was revealed to have violated the trading center law, but was not included in other charges.

Green is seeking damages for each charge, including triple damages for violations of the customer Fraud Act, the legal fees he wants to charge, and a full refund of the accrued interest on all funds received by the defendant. and a ruling to avoid near violations of customer fraud methods.

What it means in the class action is to buy all the shareholders of BlockFi without registered BlockFi loan interest account during the period from March 4, 2019 to November 10, 2022.

The defendant will receive a subpoena and be sure to clarify the facts within 21 days after receiving the complaint, otherwise he will be required to pay the full amount of Green's standard account.

Cointelegraph has already contacted Gemini and BlockFi, but did not receive a reply when it was published.