Coinbase Case Related to Cryptsy Case Settlement

This settlement resolves a class action against Coinbase, Inc. that was related to a previous class action against Cryptsy and its founder, Paul Vernon. The Cryptsy case claimed that Vernon had stolen the cryptocurrencies of Cryptsy accountholders. This case alleged that Coinbase aided and abetted Cryptsy’s unlawful actions by permitting Cryptsy and Vernon to have  Read more

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Obelisk Siacoin and Decred Mining Equipment Presale Class Action

This is another class action about shady business practices related to cryptocurrencies, this time Siacoin and Decred. Most of the complaint covers broken promises about mining equipment, but the legal allegations center on the charge of the sale of unregistered securities.   Read more

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Coinbase Website Barriers to Access by Blind ADA Class Action

A 2010 Census Bureau report says that there are roughly 8.1 million visually-impaired people in the US, including 2.0 million who are legally blind. The Americans with Disabilities Act (ADA) tries to ensure that they can live mostly independent lives and take advantage of public accommodations offered to sighted people. But the complaint for this  Read more

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Cloud With Me Initial Coin Offering Sale of Unregistered Securities Class Action

This class action concerns yet another initial coin offering (ICO), this time for a cryptocurrency called the Cloud token, sold by Cloud With Me Ltd. The complaint claims that the ICO was actually the sale of unregistered securities, in violation of the Securities Act of 1933.  Read more

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Julian Spence DRIP Cryptocurrency Fraud Securities Class Action

How do people know which cryptocurrencies are worth their offering prices and which are simply scams? The complaint for this class action says that Julian (or Juvane) Spence, the seller of the Dark Ripple or DRIP token, implied that his tokens were related to a more established currency called Ripple. This and other false or  Read more

Four Cryptocurrency Coins Digital Coins and Blockchain Blunders Securities Class Action, Inc., an online retailer announces that it is going into digital currencies—and its stock rises more than 500% in five months. Is this a rise in real value? No, the complaint for this class action says, and alleges that the company was in violation of the Securities Exchange Act of 1934 because it did  Read more

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Vircurex Exchange Frozen Accounts Fraud Class Action

Vircurex was founded in 2011 as an online exchange where users could deposit US dollars and Euros to buy, sell, and exchange digital currencies. The complaint for this class action claims that on March 24, 2014, the company froze users’ accounts by preventing them from withdrawing Bitcoin (BTC), Litecoin (LTC), Terracoin (TRC), and Feathercoin (FTC).  Read more

Giga Watt Cryptocurrency Unregistered Securities Class Action

SEC Chairman Jay Clayton has described initial coin offerings (ICOs) for cryptocurrencies as “fertile ground for fraud on investors” and it appears that some investors are belatedly awakening to the value of securities regulations. The complaint for this class action alleges that during its ICO, for each investment, Giga Watt said it would provide either  Read more

Monkey Capital Cryptocurrency Fraud and Unregistered Securities Class Action

At issue in this class action are nearly $4 million worth of investments the plaintiffs believed they were making into a new cryptocurrency from Monkey Capital prior to its initial coin offering (ICO). The investments were made primarily in bitcoins. The complaint contends that cryptocurrencies are actually unregistered securities and asks for relief from Monkey  Read more

Kraken Liquidated Ether Virtual Currency Class Action

Ether is a virtual currency that may be traded for normal currencies via online exchanges such as Kraken, the defendant in this case. This class action alleges that a systems problem occurred at Kraken, leading to it locking customers out of their accounts and liquidating the Ether holdings in margin accounts. Had Kraken’s systems been  Read more