Dreamr Labs Sues Delchain, Richard Iamunno and Deltec Bank after DMR Token Collapse

After the failed launch of their DMR Token, Dreamr Labs has now filed a lawsuit for fraud and breach of contract against Delchain, Deltec Bank and Richard Iamunno.

delchain lawsuit

Dreamr claims that the defendants conspired to sabotage their crypto token launch through various means to increase their personal profits. Delchain is a Bahamas blockchain firm and Dreamr has alleged that its CEO, Bruno Macchialli delayed the launch date deliberately to funnel certain assets through Delchain before the DMR token got listed on the Bittrex exchange. 

dreamr lawsuit

(Source)

Here is the statement from Dreamr: 

“Defendants, individually and collectively, caused Dreamr to lose more than $20m. Dreamr retained and paid each defendant to provide certain advisory services concerning Dreamr’s attempt to launch and list Dreamr’s DMR crypto-tokens on a recognized cryptocurrency exchange, Bittrex Global.”

“Rather than support Dreamr’s endeavor, each defendant instead conspired against Dreamr and sabotaged Dreamr’s crypto token launch by, among other things, causing a delay of the release of Dreamr’s tokens; preventing and stalling the transfer of Dreamr’s tokens out of its bank accounts, and coercing Dreamr into an unjustified settlement agreement in exchange for additional compensation.”

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