Stephen D. Palley is quoted in Breaker
magazine. According to the article, the ICO-funded startup Blockchain Terminal, or BCT, has threatened a lawsuit against Larry Cermak, head analyst for crypto news The Block. The suit, which was sent to The Block but may not have been formally filed, claims that a recent report by The Block defamed Blockchain Terminal, and seeks $40 million in damages from Cermak. "If the lawsuit was even filed, which isn’t clear, it has no merit and will be vigorously defended,” said Stephen. “This is the kind of lawsuit that clutters the legal system and wastes everyone’s time" and "...the suit still hasn’t appeared in New York’s online database of legal filings, meaning it may not have actually been filed."