Lawsuit: Pending Gribble19 v. The Exchange Inc [2025] FCR 102

[gribble19]

Case Filing

IN THE FEDERAL COURT OF THE COMMONWEALTH OF REDMONT
CIVIL ACTION


Gribble19
Plaintiff

v.

The Exchange Inc
Defendant

COMPLAINT
The Plaintiff complains against the Defendant as follows:

Gribble19 entered into an implied contract with The Exchange Inc upon acquiring blocks of the TEX001 bond, which was issued by The Exchange Inc. The Exchange Inc has failed to pay the face value of this bond upon the bond maturing, and still has not done so months later. Furthermore, there are still two interest payments which have never been made. The Exchange Inc has breached the implied contract by failing to make the interest payments and failing to pay back the face value of this bond upon the maturity date. As Gribble19 owns 5,214 blocks of the TEX001 bond, this totals to a sum of $1,105,368 of damages caused to Gribble19 by this breach of contract. The Exchange Inc should be held liable for the damages caused by their breach of contract, and should be made to compensate Gribble19 for these damages.

I. PARTIES
1. Gribble19 (Plaintiff)
2. The Exchange (Defendant)

II. FACTS
1. On April 24 2025 The Exchange Inc listed a bond on their discord server, with as issuer The Exchange Inc and with CUSIP "TEX-001". This bond is also known as "tex001" or "TEX001". (P-001)
2. On June 5 2025, it was announced in the "tex001" channel of The Exchange Inc discord server that "Interest payments 1/3 have been paid out." (P-001)
3. No further announcements regarding the bond have been made after this in the "tex001" channel of The Exchange Inc discord server. (P-001)
4. Each block of the bond has a face value of $200. The bond had a monthly interest rate of 3.0% and a maturity date of July 24 2025. (P-001)
5. At the date of this filing Gribble19 owns 5,214 blocks of this bond. (P-002)
6. At the date of this filing, more than 3 months after the maturity date of the bond, the face value of the blocks has not been paid out to Gribble19.
7. At the date of this filing, more than 5 months after the second interest payment should have been made, this interest payment has not been paid out to Gribble19.
8. At the date of this filing, more than 4 months after the third interest payment should have been made, this interest payment has not been paid out to Gribble19.

III. CLAIMS FOR RELIEF
1. Gribble19 and Defendant entered in to an implied contract upon the purchase of the bonds. According to the Contracts Act § 4, the five elements necessary to enter in to a contract are: (a) Offer, (b) Acceptance, (c) Consideration, (d) Intent, and (e) Capacity. Contracts do not need to be written out expressly, but can be implied. According to § 6 of the Contracts Act, a contract that meets those requirements is valid and enforceable. According to the verdict in lcn v. Blazora Corporation [2025] FCR 18: "There is no doubt that, in the court’s opinion, an offering of any stock, bond, fund, or similar in a Stock Exchange constitutes a contract once accepted". According to § 7 of the Contracts Act, a breach of contract may result in remedies of damages, specific performance, or other equitable relief.

IV. PRAYER FOR RELIEF
The Plaintiff seeks the following from the Defendant:
1. $1,042,800 in Compensatory Damages as a result of the Breach of Contract, covering the face value of $200 for 5,214 blocks of TEX001.
2. $31,284 in Compensatory Damages as a result of the Breach of Contract, covering June's interest payment at 3% of $200 for 5,214 blocks.
3. $31,284 in Compensatory Damages as a result of the Breach of Contract, covering July's interest payment at 3% of $200 for 5,214 blocks.

V. EVIDENCE

Spoiler: P-001

Spoiler: P-002

By making this submission, I agree I understand the penalties of lying in court and the fact that I am subject to perjury should I knowingly make a false statement in court.

DATED: This fifth day of October 2025