Fraud Lawsuit Alleges China’s Threats To Blockchain And Fintech

The Wall Street street sign is seen on February 24, 2022 in New York City. U.S. stocks opened this morning dropping after Russia began its attack on Ukraine. The Dow Jones opened 800 points down while the S&P 500 fell 2 percent and is down 14 percent from its record high set in January. Oil prices also dropped more than 5 percent. (Photo by Michael M. Santiago/Getty Images)

Adam Struck, a blockchain investment leader, says he was swindled by a man linked to China’s Communist Party and its state-run investment funds, according to a lawsuit filed in U.S. District Court in Los Angeles.

Adam Struck of Struck Capital Management, the plaintiff in the complaint, is a successful venture capitalist who invests in cutting-edge technology that is vital to maintaining America’s technological lead and, simultaneously, indispensable to China’s ambitions to take a more commanding role. This may have put Struck at the heart of the technological rivalry between the U.S. and China.