Legal FAQs

Legal Matters

I read somewhere that the company has a legal dispute with Steinberg Marketing related to missing coins. What is that all about?

Marvin Steinberg assisted Karatbars with the launch of the KBC ICO, setting up the technology infrastructure, websites and the KBC App. However, during the ICO period, there were a number of coins that were transferred outside of due process. After internal attempts to resolve were futile, the matter then turned into a legal dispute with Marvin's company Steinberg Marketing GmbH between January to September 2019, and still ongoing.

More information on the situation is documented via the following link: