T.I. Sued for $5 Million Over Failed Cryptocurrency Investments

T.I. Sued for $5 Million Over Failed Cryptocurrency Investments

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Back in 2017 T.I. and his business partner encouraged people to invest in a cryptocurrency, but that did not pay off. Now he is being sued. According to TMZ, “The crypto was called FLiK Token and it was created in August 2017 by T.I. and ATL businessman Ryan Felton. The pissed off investors ay the opening price was 6 cents per token, but Felton said it wouldn’t be worth $14.99 within 15 months. Little quick math for ya – that would be nearly 25,000% increase!!!”

But based on the documents that TMZ obtained, this get-rich-quick scheme has backfired. Several people are claiming the token initially jumped from 6 cents to 21 cents, and in August 2018 they’re worth LESS than a penny each.

T.I.’s partner,  Ryan went to social media to brag about big-time investors. Kevin Hart even tweeted a pic with T.I. congratulating him on the FLiK launch. Overall it seems the coins are useless now and they hold no value.

Source: TMZ

Written By: Fantasia Harvey