Glow Token, a crypto startup, has filed a breach of contract lawsuit in opposition to Crypto.com, searching for compensation of greater than $250,000. Glow Token claimed that it was defrauded earlier this yr by people who posed as Crypto.com staff and negotiated to checklist its cryptocurrency on the alternate. Glow Token’s CEO transferred $250,000 and one bitcoin to an account he believed belonged to Crypto.com following negotiations, however the claimed itemizing settlement was subsequently denied. Crypto.com’s negligence can be being blamed, and the platform stands accused of utilizing inner merchants.