While the encryption adoption is spread all over the world, companies operating in the industry have become an increasing target for collective claims.
According to a recent report by Cornerstone Economic and Financial, the number of lawsuits that were opened against encryption companies in the first half of 2025 may almost correspond to the total last year.
Investors still hold encryption companies despite the 180 -degree rotation in enforcement situations by American financial organizers such as the Securities Committee and Stock Exchange under his administration, Donald Trump.
CornersTone results are only paper -related work allowances. The encryption companies also face collective measures related to consumer protection and fraud. Some of these companies even touched high -ranking politicians, such as the President of Argentina.
Here are six main encryption cases that topped the headlines in the first half of 2025.
He was accused of violating the Securities Law
The American Cryptocurrency Exchange Bakkt, which is headquartered in Georgia and New York, faces a lawsuit to take action in which prosecutors claim that the exchange is made with wrong or misleading data and failed to detect certain information.
It was presented on April 2, and the Prosecutor Guy Guy Serge A. Franklin called for the jury trial at Bakkt, the first adviser and former CEO of Gavin Michael, CEO and President Andrew Min and temporary financial manager Karen Alexander.
Prosecutors claim that Bakkt has violated US securities laws and lacks transparency about the loss of Bank of America and Webull as customers.
The deposit claimed that there would be a “73 % loss in the revenue of the upper line”, where webul made 74 % of Bakkt encryption services in 2023 and 2024, and Bank of America formed 17 % of the revenue of loyalty to January to September 2024.
Bakkt “Stability and/or the variety of revenues of their encryption services have been dispersed,” according to the complaint.
Coinbase faces collective procedures on multiple fronts
Queen Queens Quebies, the main American and some executives, face many collective measures in multiple states.
In February, the Coinbase Wenduo Guo shares filed a complaint with a federal court in New Jersey, accused of failure to reveal that customer assets can be considered part of the bankruptcy property in Coinbase, making non -believers retailers.
The complaint noted the collapse of a large number of exchange before the General Coinbase in 2021, which left the investors high and dry. He claimed that despite Coinbase data, the exchange is not different.
In May, more cases were presented, claiming that Coinbase had violated the biometric privacy law in Illinois. Prosecutors Scott Bernstein, Jena Grader and James Longan claimed in the case on May 13 submitted in a federal court that the “sentence collection” for trade for knowledge violates the requirements of your customers with BIPA privacy law.
“Coinbase publicly does not publicly provide a schedule or guidance to maintain the destruction of the vital identifiers of the prosecutors permanently as specified in BIPA,” they said.
On May 15, Coinbase Declare The Internet criminals bribe support agents abroad to leak customer data and help facilitate e -engineering attacks on customers. Initial estimates put treatment and payment expenditures between $ 180 million and 400 million dollars.
The breach led to at least six cases against Coinbase a few days after the accident. On May 22, the Coinbase Brady Nesler investor claimed that the breach led to “great losses and damage” for the shareholders.
Bitcoin strategy strategy is subject to legal audit
Strategy, Software Company-Small sediment-Michael Michael Saylor, headed by Bitcoin (BTCOIL), was subjected to a collective lawsuit in mid -May.
According to SEC presentationThe collective lawsuit claimed that the strategy and its executives “made wrong and/or misleading statements regarding and/or failed to reveal information regarding the expected profitability of our investment strategy that focuses on bitcoin and treasury operations.”
The deposit came on May 16 days before obtaining the strategy 7,390 BTC for 764.9 million dollars at an average price of about 103,500 dollars.
The scale currency faces anger anger
In one of the most strange cases in Crypto this year, Libra, a distinguished symbol project that received support from Argentine President Javier Milei, faces a collective lawsuit from indigenous investors.
The scale, which was initially the Blockchain project that would stimulate economic development in Argentina, was part of the Memoin madness that determined the encryption in the early days of 2025.
The value of the distinctive symbol increased after its initial release in February and a supportive tweet from Milei, which was later deleted and then rejected with the price of the scale on the ground.
On March 17, Burwik Lu Lu Callement against Kilcere Vetshers, KIP and Meteora protocol to make the scale icon in a “deceptive, manipulation, and unfair” basis mainly. “
Hydeen Davis, co -founder of Kelsier Ventures, attempted to reject the New York -based lawsuit, claiming that the court lacks the jurisdiction of the world’s distinctive symbol.
pump
In July, Memecoin Launcad Pump became.
“The structure mimics a forged holes machine where the first few players win by throwing their symbols on subsequent symbols.
The complaint also includes the affected Racketeer law claims, corrupt organizations (RICO), fraud, assistance and incitement, civil conspiracy and unfair enrichment.
Prosecutors seek to cancel all pump transactions as well as compensatory damage.
Nike “Al -Basta Pull Obesity” faces
Global SPORTS Attire GIANT NIKE is facing allegations to implement rug withdrawal when the uniform NFT platform is closed.
The major brands jumped in this direction, only for many to close the store and exit the entire industry after only two years. Nike was no exception.
A group of RTFKT users, led by Jagdeep Cheema, claimed in a file on April 25 that they had suffered from “great damage” after NIKE supplied NFTS under the headline of sport shoe, just to close the platform that was hosted on it.
The lawsuit claims that Nike was offering unregistered securities in the form of NFTS and seeking to obtain $ 5 million of damage, claiming that Nike broke the laws of consumer protection and violated the various trade and unfair competition laws of the state.
The legal procedure can take some time
There are an increasing number of class work allowances against encryption companies and actors working in the encryption industry. These cases can contain financial repercussions and a serious reputation, but they can take a very long time to conclude, if they do so.
For example, in April 2020, Chis Williams filed a law against Binance claiming that the stock exchange sold unregistered symbols that lost a lot of its value. Binance tried and failed to reject the case, and as soon as this proposal was rejected, her case was taken to the US Supreme Court for review. Only in January, the Supreme Court refused to review and judge that the case could proceed.
Other cases, like celebrities who approved FTX, spent years to reach a settlement or form of conclusion.
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