Cryptocurrency
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
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
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
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
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 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
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
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
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
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
