The Discord channel of Fei Protocol has been taken over by the Superior Court of California, County of San Francisco

ChainCatcher news, encrypted KOL Julian Traversa tweeted that the Discord channel of the DeFi project Fei Protocol has been taken over by the Superior Court of San Francisco, USA. A document from the San Francisco Superior Court shows that Fei Labs is facing a class-action lawsuit, with plaintiffs claiming that it failed to comply with the registration requirements of securities laws when selling FEI and TRIBE tokens during the "Genesis Event" from March 31, 2021, to April 3, 2021. The parties have reached a settlement, establishing a $17.85 million settlement fund to pay individuals or entities that timely submit valid proof of claim. (source link)