That seems to come down to whether or not they knew in advance about the conditions on the tokens. I'd say from the evidence it looks like they did know in advance and that Ned did disclose the details of the tokens to them and so they can't sue him.
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Thanks. Then it’s just someone thought he could outsmart others.
It does look that way, yes. It takes a mammoth sized ego to think it can outsmart 50,000 unknown people! It's hard to imagine that someone would attempt that for many people - but not for me as I have been exploring large scaled 'conspiracies' for years and long ago had to expand my mind's 'scam detector' to look at much larger possibilities than most will consider! ;)