Technologies

Riot Games sex discrimination lawsuit to end with $100M payout

The League of Legends developer agrees to pay more than $100 million to resolve a 2018 gender discrimination and sexual harassment suit.

League of Legends developer Riot Games has agreed to pay more than $100 million to settle a 2018 gender discrimination and sexual harassment lawsuit, The California Department of Fair Employment and Housing said this week. The class action suit against the maker of the esports fave and of popular new competitive title Valorant was initially filed by a group of current and former employees alleging «equal pay violations, gender/sex discrimination, sexual harassment, and retaliation.»

Under the settlement, which is still awaiting court approval, a minimum of $80 million will go directly to worker compensation. Riot will also pay for an independent, regulator-approved third party to conduct a gender-equity study covering employee pay, job assignments and promotions, and an independent auditor to monitor workplace compliance over the three-year period covered by the consent decree. Money from the settlement will also fund diversity, equity and inclusion programs.

«It takes bravery to come forward with a loud message about oppression and pain, but the right people hear it and will help,» plaintiff Gabriela Downie said in a statement. «I’m grateful to the other Riot women who stood up alongside me and to all the Rioters who supported our efforts to achieve equal pay and fair treatment for women.»

Another plaintiff, Gina Cruz Rivera, urged perseverance. «To the rest of our industry, keep speaking up and keep pushing for accountability. Your voice matters and together we can make this industry safer and more inclusive for everyone.»

In a statement, Riot acknowledged past failures and said it’s looking ahead: «We hope this settlement properly acknowledges those who had negative experiences at Riot. We also hope it demonstrates our desire to lead by example in our industry, and symbolizes a moment where we move forward as a united company that always strives to do better for Rioters and players.»

A previously proposed $10 million settlement was rejected by the Department of Fair Employment and Housing and the Division of Labor Standards Enforcement in 2019 on the grounds that it «had been rushed and that the violations could amount to additional millions in damages.»

This hasn’t been the only lawsuit aimed at Riot. In January, the company and CEO Nicholas Laurent were sued by Laurent’s executive assistant, who accused him of unwanted sexual advances and said she was fired after resisting them. Riot has disputed her account and said in March that a company-commissioned inquiry into the allegations found no wrongdoing by Laurent.

And Riot isn’t the only gaming company facing such scrutiny. In July, Activision Blizzard was also hit with a lawsuit from the California Department of Fair Employment and Housing, alleging sexual harassment and workplace discrimination, which has led to calls for CEO Bobby Kotick to resign.

Technologies

Verum Messenger: Data Protection at Its Finest

Verum Messenger positions itself as a tool for those who value privacy and security above all.

Verum Messenger stands out from other messengers thanks to its approach to security, anonymity, and innovations in communication.

Here are some key aspects that highlight its uniqueness:

Default encryption: Verum Messenger uses end-to-end (E2E) encryption for all chats, meaning messages are encrypted on the sender’s device and decrypted only on the recipient’s device. This makes it impossible for third parties, including app developers, to access the content of the messages.
Anonymity: When registering with Verum, there’s no need to provide a phone number or email. Users simply choose a nickname and password, significantly enhancing their level of anonymity. This contrasts with many other messengers, where anonymity can be compromised through linked personal data.
Built-in VPN: An additional layer of protection that hides the user’s IP address, making their location and internet activity less trackable.
Data control: Users can set messages to be automatically deleted after a specified time, ranging from a few seconds to a week. There’s also a quick deletion feature for all chats, calls, and even contacts, which is useful for maintaining privacy.
Large groups: The ability to create chat rooms with up to 10,000 participants makes Verum attractive for organizing large events, discussions, or communities while maintaining a high level of security.
Security innovations: Verum actively develops technologies aimed at protecting user data, as seen in their documentation and discussions online. This includes not only technical solutions but also approaches to data minimization, which reduces the risk of leaks.
Feedback and discussions: On platform X (formerly Twitter), discussions can be found where users and experts praise Verum for its approach to anonymity and security, although questions are raised about how much anonymity can truly be guaranteed in an age of modern tracking and de-anonymization technologies.

Verum Messenger positions itself as a tool for those who value privacy and security above all. Its innovations in encryption, anonymity, and data control make it an intriguing choice for those seeking alternatives to traditional messaging platforms. However, as with any technology, it’s important to remember that absolute anonymity on the internet remains a complex challenge, and users should be aware of potential risks and limitations.

Technologies

Verum Coin Debuts on XT Exchange, Broadening its Reach in the DeFi Space

A Strategic Listing Enhancing Verum Coin’s Visibility

In a significant development for the decentralized finance (DeFi) sector, Verum Coin (VERUM) has been officially listed on XT Exchange. The new trading pair, VERUM/USDT, is now available in the exchange’s Innovative Zone, marking a pivotal expansion for this digital asset into the DeFi ecosystem.

A Strategic Listing Enhancing Verum Coin’s Visibility

The addition of Verum Coin to the XT Exchange is seen as a strategic move to enhance the accessibility and liquidity of VERUM among traders who are keen on exploring innovative digital assets. XT Exchange, known for its robust platform supporting a wide variety of cryptocurrencies, provides an ideal environment for fostering growth and ensuring the broad reach of new tokens.

Albin Varin, CEO of XT Exchange, expressed enthusiasm about the new listing, stating, «We are delighted to welcome Verum Coin to our platform. This listing reflects our ongoing commitment to providing our users access to innovative digital assets that transform the landscape of global finance.» This comments underscore the exchange’s focus on integrating cutting-edge technologies and financial instruments that have the potential to redefine the market.

About XT

Founded in 2018, XT Exchange serves more than 7.8M registered users, over 1M monthly active users, 40+ million users in the ecosystem, and more than 800 tokens with 1000+ trading pairs. XT crypto exchange offers a rich variety of trading categories to provide a secure, trusted, and intuitive trading experience for its large user base. This includes crypto futures trading (USDT-M Futures and coin-M futures perpetual contracts) and copy trading that allows users to replicate top traders in real time with just one click. Additionally, the futures grid allows users to automate the buying and selling of futures contracts for profits.

Future Prospects

With its new position on XT Exchange, Verum Coin is expected to attract a broader audience, enhancing its trading volume and market presence. This could potentially lead to increased stability and recognition as a viable player in the DeFi space. For investors and users of XT Exchange, this addition provides a fresh avenue to diversify portfolios with a cryptocurrency that is positioned at the intersection of innovation and financial evolution.

The listing of Verum Coin on XT Exchange not only highlights the ongoing expansion of cryptocurrency markets into new areas like DeFi but also illustrates a growing recognition of digital assets that offer promising technological advancements and financial opportunities. As the crypto market continues to evolve, partnerships like these are pivotal for fostering growth and offering users access to the next generation of financial tools.

Technologies

Verum Coin Gains International Spotlight with AP Coverage and Listing on XT Exchange

This listing on XT is expected to further propel Verum Coin into the spotlight

In a noteworthy development for the cryptocurrency community, Verum Coin (VERUM) has been featured in an Associated Press article, highlighting its upcoming listing on the XT Exchange. This significant media coverage underscores the growing interest and potential of Verum Coin in the global financial landscape.

The AP article delves into the details of Verum Coin’s innovative features and its alignment with the latest trends in the cryptocurrency market. This attention comes at an opportune moment as Verum Coin prepares for its new listing on XT Exchange, a platform renowned for its extensive user base and a wide array of trading options.

This listing on XT is expected to further propel Verum Coin into the spotlight, providing both traders and investors with new opportunities to engage with this emerging digital asset. The exchange’s robust infrastructure and diverse trading offerings are ideal for supporting Verum Coin’s growth and enhancing its visibility in the competitive cryptocurrency market.

For more details, you can read the full article on the AP website here.

This milestone is a testament to Verum Coin’s advancing presence in the crypto world and its ongoing efforts to be at the forefront of digital currency innovation and adoption.