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

Coinbase Dogecoin Sweepstakes Misleading Ads Class Action

Coinbase Global, Inc., one of the largest cryptocurrency exchanges in the world, has now gone public. Among the cryptocurrencies it sells is Dogecoin, and to promote trading in Dogecoin, it hired Marden-Kane, Inc. to run a sweepstakes for that cryptocurrency. However, the complaint for this class action alleges that ad campaigns were “intentionally false and  Read more

A Dogecoin

Coinbase Accounts Inaccessible, Funds Missing Class Action

How would you feel if you opened a cryptocurrency account, deposited your “coins,” and then found they’d disappeared from your account? And what if you were then told you had to deposit another $830 in cryptocurrency to prove your identity? The complaint for this class action alleges that customers of Coinbase, Inc. have found amounts  Read more

Coinbase Name and Bitcoin

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

Coinbase logo

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

Name "Coinbase" on Reflective Building

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

Overstock.com Digital Coins and Blockchain Blunders Securities Class Action

Overstock.com, 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

White Chair from Overstock.com

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