ATBCOIN LLC is an American company purportedly in the cryptocurrency market.

According to the Complaint, it is alleged that in connection with the ATB initial coin offering (“ICO”), Defendants raised over $20 million in digital cryptocurrencies by offering and selling unregistered securities in direct violation of the Securities Act.

On April 13, 2018, Defendants filed a Motion to Dismiss the Complaint. On March 31, 2019, the Court issued an Order denying Defendants' Motion to Dismiss. The Court also approved Lead Plaintiff and Counsel.

On March 3, 2020, the Court issued an Order discontinuing the action as the case had been reported to be settled. On April 10, the parties entered into a Stipulation and Agreement of Settlement. On May 12, Defendants notified the Court that they were unable to fund the Settlement.

Lead Plaintiff filed a Motion for Class Certification on July 11, 2022. On September 23, the Clerk of Court entered a Certificate of Default as to the three Defendants in this case. On October 25, the Court issued an Order granting the Class Certification Motion. On December 21, the Court entered final default judgment against the three Defendants.

On January 30, 2024, the Court directed the Clerk of Court to close the action.