Shareholders Filed a Lawsuit Against Game of Silks for Selling Unregistered Securities

Court: S.D. Florida

Case: 9:25-cv-80262

On February 24, 2025, $SILKS shareholders have filed a class action against Game of Silks, accusing it of selling unregistered securities and misleading buyers about NFT rewards, financial viability, and insider activity.

What is this lawsuit about?

Between 2022 and 2024, Game of Silks sold NFTs tied to real-world horse racing, promoting them as investment products with recurring income from horse winnings, land rentals, and stables. The project collapsed in mid-2024 when NFT rewards were halted, key partners exited, and co-founder Troy Levy privately admitted that the business was unsustainable — requiring $20M annually but having raised only $7M. Investors were left with worthless NFTs and suspect that the company failed to disclose these structural risks.

What can you do to recover your losses now?

We’re keeping track of all updates and will notify $SILKS investors about potential recovery.

More than 600 companies are currently facing securities class action lawsuits, and over 100 are already paying settlements. Connect your brokerage account to automatically check which ones you may have missed.