The EOS Network Foundation is preparing to sue Block.one for "failure to fulfill its $1 billion investment commitment."

According to BlockBeats news on July 26th, Yves La Rose, founder and CEO of the EOS Network Foundation (ENF), announced on Twitter that ENF is preparing to sue major investor Block.one (B1) for "failing to fulfill its $1 billion investment commitment." La Rose stated that Block.one is working to settle another class action lawsuit for $22 million, after previously rejecting a proposed settlement of $27.5 million with the main plaintiff, Crypto Assets Opportunity. La Rose explained that the US class action lawsuit, which was filed in 2017, is still in the process of being resolved, and those who wish to join the latest lawsuit initiated by ENF must first withdraw from the original lawsuit. The deadline for filing a claim or choosing to withdraw from the US class action lawsuit is August 23, 2023. (Cointelegraph)