Lawsuit Filed to Stop a Global Cryptocurrency Scam Spreading in India

A class-action lawsuit has reportedly been filed against a cryptocurrency scam that has duped many Indian investors.

Coinbase to Face Class Action Suit over XRP Listing

An alleged customer of the crypto exchange giant Coinbase has hit the trading platform with a class-action lawsuit – claiming that the crypto firm “illegally sold” him “securities” in the form of Ripple’s XRP tokens, which has actually enjoyed a surprising rally today. In a legal document submitted to a District Court in California on December 30, a lawyer for the

Tron asks NY judge to turf ICO suit from Binance bag holders

The Tron Foundation has filed a motion to dismiss a lawsuit from plaintiffs alleging securities violations with its $70 million 2017 ICO. The Tron Foundation has requested a New York federal judge dismiss a class action lawsuit alleging securities violations through Tron’s 2017 initial coin offering, describing the claims as “fatally flawed.” The Chinese blockchain developer filed a motion to dismiss on Dec.

$30M MakerDAO 'Black Thursday' lawsuit sent to arbitration

A class-action lawsuit accusing MakerDAO of misrepresenting the risks associated with its DAI stablecoin has been stayed pending arbitration proceedings. A court has agreed with the Maker Ecosystem Growth Foundation that a class-action lawsuit over its ‘Black Thursday’ meltdown should enter into arbitration proceedings. The Maker Foundation filed this motion to compel arbitration in response a lawsuit filed by MakerDAO user Peter Johnson in April after he suffered six-figure losses as a result of the protocol becoming undercollateralized in March. In a September 25 order, Judge Maxine Chesney found that the American Arbitration Association must determine whether Johnson’s claims fall within the scope of an arbitration clause included in DAI’s terms of service that the investor agreed to in 2018.

Makerdao Vote to Not Compensate Black Thursday Victims Receives Harsh Criticism

Large Makerdao holders decided not to compensate the victims that were liquidated during the unexpected flash crash that took place on March 12, otherwise known as ‘Black Thursday.’ An aggregate total of 38 votes was cast and more than 65% of the governance portal participants voted for zero compensation.

Tezos Settles Class-Action Lawsuit Over 2017 $232 Million ICO to the Tune of $25 Million

Tezos Foundation has settled for $25 million in a class-action lawsuit over its 2017 Initial Coin Offering (ICO) which raised $232 million.

OneCoin: A deep dive into crypto’s most notorious Ponzi scheme

Following the latest ruling on the OneCoin class-action lawsuit, we look into the biggest Ponzi scheme in crypto.

Class action lawsuit targeting Tezos ends in $25M settlement after 3 years

After three long years, the class-action lawsuit alleging that Tezos violated securities laws through its 2017 ICO has concluded. The three-year-long class-action lawsuit targeting Tezos (XTZ) has come to a conclusion after Judge Seeborg approved Tezos’ $25 million settlement on Aug.

$600M Crypto Ad Ban Class Action Filed in Australian Courts

Facebook and YouTube are facing a class-action lawsuit alleging anti-competitive behavior in prohibiting crypto advertising in 2018. Law firm JPB Liberty filed a class-action lawsuit in the Federal Court of New South Wales earlier today, targeting Facebook and Google for anti-competitive behavior for banning cryptocurrency advertising in 2018. JPB argues the ban, which was loosened in 2019, killed the initial coin offering (ICO) market and caused severe financial damage to the wider cryptocurrency industry. JPB Liberty CEO Andrew Hamilton said the tech giants had acted as a cartel in launching the crypto ad ban, in order to crush competition from the blockchain sector. The suit has garnered more than $600 million worth of claims from across the crypto community, with claimant sign-ups set to remain open until August 21.

Lawyer to File Crypto Class-Action Seeking Billions From Social Media ‘Cartel’

Andrew Hamilton, the CEO of legal firm JPB Liberty, is ready to file a class-action lawsuit seeking billion in damages from the social media “cartel” that sought to kill crypto in 2018. Andrew Hamilton, a lawyer with a background in computer science, is spearheading a class-action lawsuit accusing the social media and search giants Google, Facebook, Twitter, and YouTube for cartel-like behavior intended to kill off the burgeoning cryptocurrency sector. The suit, which has already amassed more than $600 million in claims, accuses the firms of acting as a cartel in launching a coordinated attack designed to crush competition emerging from the nascent virtual currency sector in 2018 — when the social platforms enacted sweeping bans against the promotion of crypto assets and initial coin offerings. After two-and-a-half years of preparation, Hamilton told Cointelegraph that he is ready to file proceedings within the 48 hours, highlighting that signups from claimants are set to close on Aug.

Judge Worries Plaintiffs’ Lawyers Trying to Line Their Pockets in Block.one ICO Lawsuit

The district judge criticized a class-action lawsuit brought against Block.one for appearing to be an attempt to earn high legal fees.

Crypto Class Action Asks to Use Social Media to Wrangle Flighty ICO Issuer

Plaintiffs as the court to authorize communication via email and Twitter to Status co-founders as part of a class-action lawsuit over SNT’s ICO. Plaintiffs in a class-action lawsuit against Status and its 2017 initial coin offering of the Status Network Token (SNT) are asking the judge to authorize official document delivery, or serving, via alternative channels like Twitter and emails. In court documents obtained by Cointelegraph and filed on Aug.

Ripple Lawyers Hit out at XRP-related Class Action Suit Claimant

In its battle against a class-action lawsuit accusing the company of securities fraud, California-based crypto firm Ripple has filed court documents attempting to clear its name. In the documents, the firm stated that Bradley Sostack, the plaintiff in the case, had failed to prove that the Ripple CEO, Brad Garlinghouse, had made false bullish statements in 2017.

Ripple Says XRP Lawsuit Based on ‘Unsupported Leaps of Logic’

Ripple has hit back at the lead plaintiff in an ongoing class-action lawsuit accusing the firm and its CEO of securities fraud.

Facebook, Google, Twitter Face $600 Million Class Action Lawsuit Over Cryptocurrency Ad Ban

The trio of Facebook, Google and Twitter have been slammed by a $600 million class-action lawsuit by a group of companies and individuals backed by Sydney based JPB Liberty (Read More)

Crypto Entrepreneurs Sue Google, Facebook, Twitter Over Ad Ban

Following the infamous crypto advertising ban by Google and its video-sharing site YouTube, Facebook, and Twitter, a law firm representing crypto entrepreneurs and investors who claim their business was hurt as a result of the ban are now taking the tech giants to court in Australia. The news about the class-action lawsuit that could end up costing the tech companies as much

Google, Facebook, Twitter Face Class-Action Lawsuit for Banning Crypto Ads

Cryptocurrency businesses are taking Google, Facebook, and Twitter to court in a class-action lawsuit that could cost the social media giants $300 billion.