Massive Adoption Crypto Conference Organizer Faces Lawsuit For Not Refunding Canceled Event

The class action lawsuit on behalf of over 2,000 people, aims to exact more than $75,000 in damages

Jacob Kostecki, the organizer behind the ‘Massive Adoption’ crypto conference, is at the receiving end of a class-action lawsuit from over 2,000 people.

The lawsuit has been levied due to those who bought a tickets to one of his events, but never got a refund, even when the event was canceled by Kostecki himself. The lawsuit aims to recover $75,000 in damages.

The filed complaint claimed that Kostecki advertised the crypto-conference from February 27 to 28th in Memphis, Tennessee, and sold a large number of tickets, along with hotel and airfare packages at considerably lower prices. In total, Kostecki collected about $75,000 from these sales.

However, Kotecki canceled the event on January 31st (original scheduled for November 2019) citing cash issues, while promising to pay back everyone who bought tickets. But none of these customers who paid for the event received any refund, even after a couple of months raising the suspicion.

David Silver, a crypto attorney, filed the class-action lawsuit against the organizer in a Colorado District court this Thursday.

Silver said that the case came to his notice when he saw Kostecki taking advantage of people who could not afford legal representation. Silver took to Twitter and warned Kostecki to return what he owes to people otherwise he would be served with a lawsuit.

Ashley Gentry, of San Dimas who is the lead plaintiff in the case, revealed that the event was scheduled for November and was later postponed to February before being canceled.

The event promised to host 2,000 attendees, along with 60 speakers. Gentry bought a complete package costing $794 for herself, her husband, and one other person back in December.

Silver said that people should be aware and never take hollow twitter promises for granted. He explained:

“We seek damages in excess of $75,000,” the attorney said, which includes the money people lost, interest, other costs, and attorney fees. Typically in a class-action, a law firm only collects fees if it recovers money but according to Silver, who is doing the work pro-bono, “even if we collect attorney’s fees, we will give it back to the victims.”

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

James W
James is a cryptocurrency enthusiast, an advocate for the development and exposure of blockchain technology, and believes in the use of digital assets for the good of the society. Enthralled by the huge potential of cryptocurrencies and their underlying technology – blockchain – James dedicated himself to learn more about the industry, becoming a highly sought-after writer in the sector. He covers news, white papers and any content related to cryptocurrency and blockchain in general.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Goldman Sachs’ Lazy Bitcoin Assessment is Embarrassing

Crypto community has been eagerly awaiting Goldman Sachs’ client call today in which they were to discuss bitcoin. But it all turned out to be...

Crypto Derivatives Exchange ErisX, Opens API Service for BCH, BTC, ETH, and LTC Block Trading

ErisX REST API will now grant registered clients access to their Block Trade platform. This will be a reserve for the Institutional investors...

Polkadot’s Chain Candidate Goes Live in Anticipation for the Proof of Stake (PoS) Version

Polkadot's initial mainnet has been launched by Web3 Foundation and Parity Technologies according to a blog post on May 26. This much anticipated sharding...

Bitfury Announces Bitcoin Mining Investment Program For Institutional Clients

Bitfury, one of the oldest Bitcoin mining firms established back in 2011, has announced a Bitcoin mining investment program for institutional investors on May...

7 Bullish Ethereum Charts that says Ether is “Significantly Undervalued”

The price of Ether might still be struggling around $200 but its fundamentals are screaming bullish. Post Black Thursday sell off, Ether has been seeing...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today