Coinbase’s Role and the Nature of Cryptocurrency Class Action

What exactly are cryptocurrencies? The complaint for this class action argues that they are securities, because their purchasers are hoping for their value to increase. It brings suit against Coinbase Global, Inc. and Coinbase, Inc., with the inciting incident being the breaching of a Coinbase account and the theft of funds, but it also brings  Read more

Coinbase Name

Coinbase Promotion of TerraUSD as Stablecoin Class Action

Coinbase is a marketplace for cryptocurrency, but the complaint for this class action claims it is also “a significant venture capital investor in [early phase] cryptocurrency companies and one of the largest financial backers of Terraform Labs.” Terraform created TerraUSD (UST), which was promoted as a “stablecoin,” but this complaint brings suit against Coinbase Global,  Read more

TerraUSD Coin

LGB Token Sale of Unregistered Securities Class Action

This class action alleges that a new cryptocurrency (LGB tokens), based on the Let’s Go Brandon meme, actually consists of unregistered securities. It brings suit against a corporate defendant, known as Corporate Defendant Doe or LGBcoin and groups of individuals (the Executive Defendants, the Racing Defendants, and the Promoter Defendants). The complaint alleges they created  Read more

LGB Token

BlockFi Crypto Interest Accounts Are Unregistered Securities, Says Class Action

This class action brings suit against a number of BlockFi entities—BlockFi, its parent BlockFI, Inc. (BFI), and affiliates BlockFi Trading, LLC and BlockFi Lending, LLC, for their BlockFi Interest Accounts or Crypto Interest Accounts (BIAs). The complaint alleges BIAs are unregistered securities that should have been registered with the Securities and Exchange Commission (SEC) and  Read more

BlockFi Name on Blurry Computer Background

SafeMoon Cryptocurrency “Pump and Dump” Class Action

The prospects for individuals cryptocurrencies are difficult for individuals to evaluate before they buy. The defendants in this class action brings are SafeMoon, LLC, related other SafeMoon companies, and two groups of individuals (the Executive Defendants and the Promoter Defendants), all connected to the SafeMoon token. The complaint alleges that these defendants used “misleading promotions  Read more

Safemoon Token

EthereumMax Cryptocurrency Improper Promotions, Inflated Values Class Action

EthereumMax (EMax) is both a type of cryptocurrency and the name of the company that’s the first defendant in this class action. The complaint alleges that the company, three individuals it calls the executive defendants, and three celebrity promotors misled investors when promoting EMax in order to sell their own tokens at an inflated price.  Read more

EthereumMax Name and Logo

EthereumMax Celebrity Promotion and Token Sale Class Action

This class action concerns sales of EthereumMax (EMAX) tokens, alleging that executives made false or misleading statements to investors about EthereumMax and disguised their control over it and a significant portion of the EMAX tokens to mislead investors. The complaint brings suit against an unknown entity it calls “Corporate Defendant X,” three individual executive defendants  Read more

EthereumMax Name and Logo

Voyager Digital Representations on Cryptocurrency Trading Class Action

Voyager Digital Ltd. and Voyager Digital, LLC offer a “multi-billion-dollar mobile application cryptocurrency investment service” that permits members of the general public to buy and sell cryptocurrencies. The complaint alleges that the service is aimed at investors who are young and inexperienced and that some of its promises are simply not true.  Read more

Voyager Name and App on Smartphone

Tether Cryptocurrency Backing and Audit Claims Class Action

Cryptocurrencies provide new options for investment and payments. However, their new arrangements offer downsides for users, including the lack of established routines of operation, oversight, and regulation. This class action brings suit against two sets of companies, one related to the cryptocurrency Tether and the other related to the Bitfinex exchange, alleging that they made  Read more

Tether Cryptocurrency Logo

Cryptsy Additional “Clawback” Action Settlement

This settlement is the result of a “clawback” action filed on behalf of Cryptsy account holders who were unable to access their cryptocurrency Cryptsy. In the original case, Leidel, et al. v. Project Investors, Inc. d/b/a CRYPTSY, Paul Vernon, and Lorie Ann Nettles, Case No. 9:16-cv-80060- MARRA, was brought by Cryptsy account holders, alleging unlawful  Read more

Pile of Cryptocurrency Coins