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After an eventful opening day that saw discussions around the impact of Web3 and the growing adoption of the tech, Cointelegraph is all set to bring the key updates from the second day of the Summit at PBW 2023. 9355 Total views 60 Total shares Listen to article 0:00 Event Own this piece of history

Collect this article as an NFT Paris Blockchain Week (PBW) kicked off its fourth year as one of the worlds largest conferences tackling all things blockchain, crypto and Web3. The event hosts over 10,000 attendees and sold out last year.

Following two days packed with hackathons, talent fairs and investor demos, the main event of the week, the summit, continues with its second day on March 23.

The Cointelegraph team is stationed in Paris to bring readers the latest news from the ground, presented below in ascending order (the newest story at the top). Time stamps are in UTC.Paris Blockchain Week Summit 2023: Day 2

Cointelegraph journalist Joseph Hall sat down with 1Inch co-founderSergej Kunz to discuss the present and future of the crypto ecosystem. Kunz shared his thoughts on numerous topics including the limitations of investing for ordinary people, what mass adoption looks like and big companies jumping into the Web3 space.Read more here.

? Our interview with @deacix, Co-Founder of @1inch here at @ParisBlockWeek

He shares his vision on what the future of #crypto has in store. 'As soon as we have people who understand that there's a non-custodial way… then we achieve the mass adoption' #PBW2023 pic.twitter.com/DwCqkeSaIN— Cointelegraph (@Cointelegraph) March 23, 2023

12:00: Thenext panel discussion focused on the impact of Web3 on startups and investors, moderated byMichael Amar – chairman of Paris Blockchain Week. The panel discussion was joined byIgneus Terrenus, partner relations at BitDAO, Laurenz Apiarius, founder of Blockwall Digital, Dan Tapiero, founder of 10T Holdings, Amos Meiri, founding partner at Node Capital, and Eden Shochat, Equal Partner at Aleph VC. The panel discussion revolved around the role of investors amid the emerging importance of governance and decentralized autonomous organizations (DAOs.)

The panel experts shared their views on the ongoing debate around crypto tokens deemed as securities and how the Web3 ecosystem is tackling the financial aspect of the innovation.Apiarius talked about the impact of bad actors in a new economic sector like Web3 and the role of investors. He explained:The movement of Web3 is misused by some bad entrepreneur land its the job of investors to filter that and not pit capital into entrepreneurs that make fun of it.”Dan Tapiero, Igneus Terrenus, Laurenz Apiarius, Eden Shochat,Amos Meiri, and Michael Amar (from left to right).

11:30 am: The new panel discussion titled ‘The Ethics of Web3’ revolved around public policy and was moderated byMoojan Asghari, the co-founder of Thousand Faces. The panel consisted ofOscar Wendel, senior manager at Dubai World Trade Centre, Margaux Frisque, co-founder of d&a Partners, and Dr Loic Brotons, CEO of Galeon.

The industry experts on the panel shed light on the role of ethics in a fast paced evolutionary tech like blockchain and Web3. Asghari in her address noted thatEthical frameworks or standards always lag behind the advancement of the technology and explained:”This is the biggest challenge of ethics – what are the right questions to ask ourselves today, in order to make sure that the technology doesnt harm us in the near or far future.Dr Loic Brotons,Oscar Wendel, Moojan Asghari and Margaux Frisque (from left to right).

11:00 am: The next keynote speech revolved around smart contracts, a key-building tool in the decentralized and blockchain space. The speech delivered by Stellar Development Foundation VP Tomer Weller touched upon the subject of smart contract development and how difficult and complex it is. He said:”Smart contracts are not easy and only as smart as the coders that build them and we need to hold them to a higher standard.”Tomer Weller talking about the state of smart contracts in today’s world

10:30 am: The next keynote speech came fromAlexandre Dreyfus, founder and CEO of Chiliz, on the integration of blockchain and gaming tokens in mainstream sports. He shared how decentralized tech added to mainstream sports is making the experience for fans more immersive.Alexandre Dreyfus talking about the evolution of fan experience with Web3

10:00 am: The first panel of the day, titled ‘The Need for Yield,’ was moderated byCinderella Amar, co-founder ofGlass Slipper Ventures and joined by Maxime Boonen, founder of B2C2 & PV01, Tim Grant, head of EMEA at Galaxy, Yoann Caujolle, co-founder of Rockby, and Charlie Meraud CEO of Woorton.

The panel discussion revolved around the concept of yield farming in crypto and how it has evolved over time. The panelists shed light on the legality and regulatory aspect of yield farming in today’s time and how viable of a business model it is.Tim Grant,Maxime Boonen,Yoann Caujolle,Charlie Meraud, and Cinderella Amar (from left to right).

9:30 am: The first keynote speech of the day came fromJeff Hasselman, the head of Web3 at Amazon Web Services (AWS).Hasselman, while talking about the interest of enterprises like Amazon in the Web3 ecosystem, said that he was highly influenced by the Bitcoin white paper. He explained:”I read the Bitcoin whitepaper in 2013 and I was like if this works, then this would really be amazing because it would redefine what the internet is all about.”

Hasselman went on to list how AWS is actively involved in helping builders of Web3 and offering the infrastructure to companies and blockchain developers alike.Jeff Hasselman, Global Head Web3, Amazon Web Services talking about Web3

8:30 am: Welcome to day 2 of the Paris Blockchain Week Summit, a day that will be focused on the culture, adoption and importance of decentralized tech. Some of the notable panel discussions to look forward to will cover the ethics in Web3, the evolution of crypto payments, how to protect users from crypto scams. The Cointelegraph team is on the ground to bring the latest updates, exclusive interviews and behind the scenes throughout the day.Paris Blockchain Week venue shot. Source: CointelegraphCointelegraphs Joe Hall looks for perspective amid Paris riots

Reporter Joe Hall spoke to Animoca Brands CEO Robby Yung to hear his thoughts on Paris hosting a major crypto and blockchain conference as many have taken to the streets in protest of a bill raising Frances retirement age from 62 to 64 years old. According to Yung, the local government had provided a warm embrace for participants of the event and saw the representation of major brands including Gucci as a positive sign for adoption. Read more here.Animoca Brands CEO Robby Yung speaking with Cointelegraphs Joe Hall at Paris Blockchain Week. Source: CointelegraphParis Blockchain Week Summit2023: Day 1

4:40 pm: Ledger CEO Pascal Gauthier delivered a keynote speech during which he discussed Bitcoin:You can try to explain why you think it has flaws, but you should always have reasonable doubts. Its just like if you dont believe in God, thats OK. But you should always have reasonable doubt because the day you die, you will find out.”Ledger CEO Pascal Gauthier delivered a keynote speech on the Master Stage at PBW. Source: Cointelegraph

13:40 pm: 2022 was the year of epic crypto collapses, with the collective failures of Terra, Celsius, Three Arrows Capital and FTX leaving a stain on the industry. A panel as a part of the Open Finance stream discussed how the crypto industry can recover from these events in light of the recent banking failures in the United States. Read more here.A panel discussion titled FTX, Luna, Celsius, 3AC: From Hero to Zero at Paris Blockchain Week. Source: Livestream

12:40 pm: Metaverse regulation was on the agenda during an industry panel that included representatives from IBM Consulting France, Jacob Avocats, France Meta, Crypto Circle, Metacircle and Fenwick. The general takeaway from thepanel was that businesses need to take calculated, strategic risks to grow their Web3 ambitions. Get comfortable with discomfort, one panelist said. Read more here.Paris Blockchain Week venue. Source: Cointelegraph

12:00 pm: Tether chief technology officer Paolo Ardoino talked about the recent USDC saga and stated that Bitcoin is the ultimate way to hold wealth in an exclusive conversation with Cointelegraphs Joseph Hall.

While discussing the USDC depeg, Ardoino said that stablecoin issuers should always make sure that their reserves remain protected.Read more here.Cointelegraph journalist Joseph Hall with Tether CTO Paolo Ardoino at Paris Blockchain Week.

11:00 am: Bitcoin proponent Tim Draper was the next keynote speaker, discussing The Decentralization of Everything. Draper talked about the need for decentralization in todays time amid lessening confidence in the banking system. He advised people to use Bitcoin to hedge against bad governance and banking.Tim Draper advocated for Bitcoin against bad governance and banking failures.

Draper also sang a poem about Bitcoin and how the asset has outperformed traditional financial tools amid the growing banking crisis.Read more here.

10:00 am: The first round of panel discussions kicked off, with Cointelegraph editor-in-chiefKristina Lucrezia Cornr moderating a discussion on the evolving role of Web3 technology in the traditional financial ecosystem.Cointelegraph editor-in-chiefKristina Lucrezia Cornrmoderating a panel on Web3.

The panel, titled State of the Chain 2023, was joined byPatrick McGregor, head of product at Coinbase; Matthew Savarese, vice president at Nasdaq Digital Assets; Richard Widmann, global head of Web3 strategy at Google; Dante Disparte, head of global policy at Circle; and Denelle Dixon, CEO of Stellar Development Foundation.

Live from the State of the Chain 2023 panel at @ParisBlockWeek : @RichJWidmann, Global Head of Web3 Strategy at @googlecloud, emphasizes the importance of building value for users in the next evolution of the internet. #PBW2023 pic.twitter.com/8x1hAgJTZG— Cointelegraph (@Cointelegraph) March 22, 2023

The discussion focused on the state of traditional finance, the recent banking crisis and how Web3-based solutions are becoming a norm during times of financial crisis something envisioned by Satoshi Nakamoto themselves when they created Bitcoin.

In addition to reflecting on the current state of Web3, the experts gave their insights and predictions on how things could pan out in 2023.Read more here.Patrick McGregor, Matthew Savarese, Richard Widmann, Dante Disparte, Denelle Dixon and Kristina Lucrezia Cornr (from left to right).

Another panel discussion around the European Unions Markets in Crypto-Assets regulation, set to come into effect by 2024, saw industry experts weigh in on its impact. The panel was moderated bySabine Van Haecke-Lepic, a lecturer and researcher at Sciences Po, and joined by the likes of Gundars Ostrovskis, team leader of digital finance at the European Commission; Nadia Filali, director of blockchain programs at Caisse des Dpts; Hubert de Vauplane, partner at Kramer Levin Naftalis & Frankel LLP; Janet Ho, head of EU policy at Chainalysis; and Vytautas Karalevicius, co-founder of Bankera.Gundars Ostrovskis, Sabine Van Haecke-Lepic, Vytautas Karalevicius,Nadia Filali, Hubert de Vauplane and Janet Ho (from left to right).

The industry experts and regulators opined on the implications and potential impacts of the proposed regulation.Read more here.

9:30 am: The following keynote speech was delivered by the CEO of Stellar Development Foundation, Denelle Dixon. She talked about the real-world use cases of blockchain technology, focusing on humanitarian aid. Dixon stressed that blockchain tech can bring efficiency to aid distribution, especially when those who need it the most are unbanked.Stellar Development Foundation CEO Denelle Dixon talking about role of blockchain in humanitarianaid.

9:00 am: The opening keynote of the event came from Ethereum co-founder Joseph Lubin, who talked about the importance of decentralized networks in traditional finance. Lubin highlighted the diversity in the Web3 space and how it has helped the ecosystem grow stronger with a broad spectrum of talent.Ethereum co-founder Joseph Lubin during his opening keynote speech.

8:30 am: The next keynote speech came from Henri Arslanian, co-founder of the investment banking company Nine Blocks Capital Management, and revolved around the latest global crypto trends including Bitcoin, central bank digital currencies and nonfungible tokens.

Arslanian shed light on some of the past years key events in the crypto world, from the growth of Bitcoin to the numerous crypto contagions and recent bank runs. He stressed that there will be more stress on regulations and transparency moving forward.Henri Arslanian talking about global crypto trends.

8:00 am: The first day of the summit kicked off with a keynote from Zahreddine Touag, co-founder of Paris Blockchain Week. During his keynote, he stressed the need for events like PBW and its role in building business relationships and connecting to new people.Paris Blockchain Week Summit started with a keynote by Zahreddine Touag.Investor panel: What are the best investment opportunities in Web3?

In the next panel discussion, which focused on investment opportunities in Web3, investor Marguerite de Tavernost said that the bear market is the best time to build in the crypto market. She added that they offer more time for investors and innovators to build their reputations.Ivan de Lastours de Bernarde, Katelin Holloway, Marguerite de Tavernost, Michael Amar, Andrei Brasoveanu and Richard Muirhead(from left to right)Fabric Ventures co-founder talks Bitcoin, bank crisis

Richard Muirhead, the co-founder of Fabric Ventures, talked about Bitcoin price, inflation, the bank crisis and the emerging role of Web3 amid it all. He said that with its deflationary properties, Bitcoin is the first use case of Web3 and can become a safe haven during times of crisis. He added that Web3 is actively working on resolving traditional financial problems, but new use cases can take time to emerge, as they represent much more than simple software development.In-depth discussion on metaverse gaming

Neal Stephenson, an American author and founder of metaverse project Lamina1, joined Paris Blockchain Week chairman Michael Amar to discuss the concept of interoperability in metaverse gaming.

Stephenson, who coined the term metaverse in the 1990s, also talked with Cointelegraph editor-in-chief Kristina Lucrezia Cornr on the evolution of the word. Read more here. Neal Stephenson and Michael Amar (from left to right).

Stephenson said the idea of interoperability is irritating for some game developers, as many have been focused on building their own ecosystems for years, such as Fortnite and Minecraft. He explained that the idea of interoperability seems like an abomination because, at this point, all it offers is dragging and dropping assets from one game to another.Cointelegraph behind-the-scenes on day two

The Cointelegraph team kicked off the second day of Paris Blockchain Week 2023 with a reflection on the cultural and historical depth of the venue:

Things at @ParisBlockWeek that just make sense #PBW2023 pic.twitter.com/Sd8P6TxHJs— Cointelegraph (@Cointelegraph) March 21, 2023 Web3 headlines the agenda on day one of the summit

The main agenda for March 21 revolves around the scope of Web3 in todays world. The one-day Web3XP event focuses on how brands and creators can generate value in the metaverse and how Web2 companies can transition to Web3.The event will see professionals representing consumer brands, gaming, collectibles, art and fashion in one place.March 20 saw a relatively crowded talent fair tailored for the crypto and blockchain industry. Source: CointelegraphCointelegraph reporter Joe Hall attends pre-summit events

The pre-summit events at the PBW 2023 included a talent fair.The Cointelegraph team making sure you get the best angle.Th Cointelegraph team arrives in Paris

Cointelegraph editor-in-chief Kristina Lucrezia Cornr, head of video Jackson DuMont and reporter Joseph Hall are deployed on the ground in Paris all week to deliver the most recent developments from the conference.Jackson DuMont, Kristina Lucrezia Cornr and Joseph Hall(from left to right). Source: CointelegraphInvestors Day

Investors Day kicked the week off on March 20, bringing together investors interested in Web3, nonfungible tokens (NFTs), the metaverse and blockchain applications.

Stay tuned for continuous updates from PWB, including key takeaways, highlights and behind-the-scenes footage.Paris Blockchain Week kicks off

The 2023 edition of PBW features speakers from some of the industrys biggest players, such as ConsenSys, Ledger, Animoca Brands, Algorand, Reddit and more. It consists of the main summit and the Web3-focused Web3XP, and its main themes include public policy, enterprise blockchain, open finance, Web3 art, and investing in Web3 culture and entertainment, among others.

PBW also has a dedicated event for investors, a competition for startups, a hackathon and additional side events.

Last years event saw around 3,000 summit-goers and featured keynotes and fireside chats from some of the most prominent figures in the industry, such as Binances Changpeng Zhao and Tethers Paolo Ardoino, among many others. #Blockchain #France #Event #Paris #Metaverse #Web3 #NFT

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US announces it will increase steps to limit revenue of Venezuelan president Maduro – as he begins third term

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US announces it will increase steps to limit revenue of Venezuelan president Maduro - as he begins third term

The US has announced it has increased its reward for information leading to the arrest of Venezuelan President Nicolas Maduro.

In a statement on Friday, the US treasury said up to $25m is being offered for information leading to the arrest of Mr Maduro and his named interior minister Diosdado Cabello.

Up to $15m is also being offered for information on the incoming defence minister Vladimir Padrino. Further sanctions have also been introduced against the South American country’s state-owned oil company and airline.

The reward was announced as Mr Maduro was sworn in for a third successive term as the Venezuelan president, following a disputed election win last year.

Nicolas Maduro sworn in for a third term as president.
Pic: Reuters
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Sanctions from the US, UK and EU came as Maduro was sworn in for a third term as president. Pic: Reuters

Elvis Amoroso, head of the National Electoral Council, said at the time Mr Maduro had secured 51% of the vote, beating his opponent Edmundo Gonzalez, who won 44%.

But while Venezuela’s electoral authority and top court declared him the winner, tallies confirming Mr Maduro’s win were never released. The country’s opposition also insists that ballot box level tallies show Mr Gonzalez won in a landslide.

Nationwide protests broke out over the dispute, with a brawl erupting in the capital Caracas when dozens of police in riot gear blocked the demonstrations and officers used tear gas to disperse them.

More on Nicolas Maduro

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From July 2024: Protests after Venezuela election results

More than 2,000 demonstrators were arrested, and Mr Gonzalez fled to Spain to seek asylum in September.

While being sworn in at the national assembly, Mr Maduro said: “May this new presidential term be a period of peace, of prosperity, of equality and the new democracy.”

He also accused the opposition of attempting to turn the inauguration into a “world war,” adding: “I have not been made president by the government of the United States, nor by the pro-imperialist governments of Latin America.”

Lammy: Election ‘neither free nor fair’

The UK and EU have also introduced new sanctions against Venezuelan officials – including the president of Venezuela’s supreme court Caryslia Beatriz Rodriguez Rodriguez and the director of its criminal investigations department Asdrubal Jose Brito Hernandez.

Foreign Secretary David Lammy said Mr Maduro’s “claim to power is fraudulent” and that last year’s election “was neither free nor fair”.

“The UK will not stand by as Maduro continues to oppress, undermine democracy, and commit appalling human rights violations,” he added.

Read more:
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Venezuela arrests six over ‘assassination plot’

Mr Maduro and his government have always rejected international sanctions as illegitimate measures that amount to an “economic war” designed to cripple Venezuela.

Those targeted by the UK’s sanctions will face travel bans and asset freezes, preventing them from entering the country and holding funds or economic resources.

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Donald Trump says he’s ‘totally innocent’ and thanks judge moments before no-penalty sentence in hush money case

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Donald Trump says he's 'totally innocent' and thanks judge moments before no-penalty sentence in hush money case

Donald Trump has been handed a no-penalty sentence following his conviction in the Stormy Daniels hush money case.

The incoming US president has received an unconditional discharge – meaning he will not face jail time, probation or a fine.

Manhattan Judge Juan M Merchan could have jailed him for up to four years.

The sentencing in Manhattan comes just 10 days before the 78-year-old is due to be inaugurated as US president for a second time on 20 January.

Trump appeared at the hearing by video link and addressed the court before he was sentenced, telling the judge the case had been a “very terrible experience” for him.

He claimed it was handled inappropriately and by someone connected with his political opponents – referring to Manhattan district attorney Alvin Bragg.

As it happened:
Trump sentenced in Manhattan court

Trump said: “It was done to damage my reputation so I would lose the election.

“This has been a political witch hunt.

“I am totally innocent. I did nothing wrong.”

Concluding his statement, he said: “I was treated very unfairly and I thank you very much.”

The judge then told the court it was up to him to “decide what is a just conclusion with a verdict of guilty”.

He said: “Never before has this court been presented with such a unique and remarkable set of circumstances.

“This has been a truly extraordinary case.”

He added that the “trial was a bit of a paradox” because “once the doors closed it was not unique”.

US President-elect Donald Trump is seen on the screen at Manhattan criminal court in New York, US, on Friday, Jan. 10, 2025.  JEENAH MOON/Pool via REUTERS
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Pic: Reuters

Prosecutor Joshua Steinglass had earlier argued in court that Trump “engaged in a campaign to undermine the rule of law” during the trial.

“He’s been unrelenting in his attacks against this court, prosecutors and their family,” Mr Steinglass said.

“His dangerous rhetoric and unconstitutional conduct has been a direct attack on the rule of law and he has publicly threatened to retaliate against the prosecutors.”

Mr Steinglass said this behaviour was “designed to have a chilling effect and to intimidate”.

It comes after the US Supreme Court rejected a last-ditch attempt by Trump to delay sentencing in the case on Thursday.

Trump’s lawyers argued that evidence used during the trial violated last summer’s Supreme Court ruling giving Trump broad immunity from prosecution over acts he took as president.

Read more
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Todd Blanche, attorney for former US President Donald Trump, and US President-elect Donald Trump are seen on the screen at Manhattan criminal court in New York, US, on Friday, Jan. 10, 2025.  JEENAH MOON/Pool via REUTERS
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Trump appeared via videolink with his attorney Todd Blanche. Pic: Reuters

Trump’s hush money conviction in May 2024 means he will become the first person convicted of a felony to assume the US presidency.

He was found guilty in New York of 34 counts of falsifying business records relating to payments made to Ms Daniels, an adult film actor, before he won the 2016 US election.

Prosecutors claimed he had paid her $130,000 (£105,300) in hush money to not reveal details of what Ms Daniels said was a sexual relationship in 2006.

Trump has denied any liaison with Ms Daniels or any wrongdoing.

The trial made headlines around the world but the details of the case or Trump’s conviction didn’t deter American voters from picking him as president for a second time.

FILE - Former U.S. President Donald Trump attends his trial for allegedly covering up hush money payments linked to extramarital affairs at Manhattan Criminal Court in New York, Tuesday, April 23, 2024. (Timothy A. Clary/Pool Photo via AP, File)
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Trump appears in court during his trial. Pic: AP

What is an unconditional discharge?

Under New York state law, an unconditional discharge is a sentence imposed “without imprisonment, fine or probation supervision”.

The sentence is handed down when a judge is “of the opinion that no proper purpose would be served by imposing any condition upon the defendant’s release”, according to the law.

It means Trump’s hush money case has been resolved without any punishment that could interfere with his return to the White House.

Unconditional discharges have been handed down in previous cases where, like Trump, people have been convicted of falsifying business records.

They have also been applied in relation to low-level offences such as speeding, trespassing and marijuana-related convictions.

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Family of Leicester City chairman killed in football stadium helicopter crash sue manufacturer for £2bn

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Family of Leicester City chairman killed in football stadium helicopter crash sue manufacturer for £2bn

Leicester City’s owners have launched a landmark lawsuit against a helicopter manufacturer following the club chairman’s death in a crash in 2018.

Vichai Srivaddhanaprabha’s family are suing Italian company Leonardo SpA for £2.15bn after the 60-year-old chairman and four others were killed when their helicopter crashed just outside the King Power Stadium in October 2018.

The lawsuit is the largest fatal accident claim in English history, according to the family’s lawyers. They are asking for compensation for the loss of earnings and other damages, as a result of the billionaire’s death.

The legal action comes more than six years after the fatal crash and as an inquest into the death of the 60-year-old chairman and his fellow passengers is set to begin on Monday.

FIEL - In this May 7, 2016, file photo, Vichai Srivaddhanaprabha applauds beside the trophy as Leicester City celebrate becoming the English Premier League soccer champions at King Power stadium in Leicester, England. 	ASSOCIATED PRESS
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Vichai Srivaddhanaprabha celebrating after Leicester City won the Premier League in 2016. Pic: AP

Mr Srivaddhanaprabha’s son Khun Aiyawatt Srivaddhanaprabha, who took over as the club’s chairman, said: “My family feels the loss of my father as much today as we ever have done.

“That my own children, and their cousins will never know their grandfather compounds our suffering… My father trusted Leonardo when he bought that helicopter but the conclusions of the report into his death show that his trust was fatally misplaced. I hold them wholly responsible for his death.”

The late Mr Srivaddhanaprabha’s company, King Power, was earning more than £2.5bn in revenue per year, according to his family’s lawyers. The lawsuit claims “that success was driven by Khun Vichai’s vision, drive, relationships, entrepreneurism, ingenuity and reputation.”

“All of this was lost with his death,” it adds.

The fatal crash took place shortly after the helicopter took off from Leicester’s ground following a 1-1 draw against West Ham on 27 October 2018.

The aircraft landed on a concrete step and four of the five occupants survived the initial impact, but all subsequently died in the fuel fire that engulfed the helicopter within a minute.

ovember 10, 2018 - Leicester, United Kingdom - A tribute to Vichai Srivaddhanaprabha during the Premier League match at the King Power Stadium, Leicester. Picture date: 10th November 2018. Picture credit should read: James Wilson/Sportimage.(Credit Image: © James Wilson/CSM via ZUMA Wire) (Cal Sport Media via AP Images)
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Thousands of tributes were left outside the ground in the wake of the tragedy. Pic: James Wilson/Sportimage

The other victims were two of Mr Srivaddhanaprabha’s staff, Nursara Suknamai and Kaveporn Punpare, pilot Eric Swaffer and Mr Swaffer’s girlfriend Izabela Roza Lechowicz, a fellow pilot.

Investigators found the pilot’s pedals became disconnected from the tail rotor – resulting in the aircraft making a sharp right turn which was “impossible” to control, before the helicopter spun quickly, approximately five times.

More from Sky News:
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The Air Accidents Investigation Branch described this as “a catastrophic failure” and concluded the pilot was unable to prevent the crash.

The lawsuit alleges the crash was the result of ‘multiple failures’ in Leonardo’s design process. It also alleges that the manufacturer failed to warn customers or regulators about the risk.

Sky News has contacted helicopter manufacturer Leonardo for comment.

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