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Class Action Against Crypto Mining Scheme Moves Forward

On June 21, 2019 a Connecticut federal judge certified a class of alleged victims of a cryptocurrency mining Ponzi scheme.  Class certification is another step forward in providing legitimate avenues

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Class Action, Cryptocurrency, Litigation, US

Celebrities Mayweather and Khaled, Fined by the SEC, But Dismissed from Private Civil Lawsuit

We previously reported that, in November 2018, in a first of its kind case, the SEC charged  celebrities DJ Khaled and Floyd Mayweather with touting violations involving ICOs. Without admitting or

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ICO, Litigation, Touting, US

US District Court Judge Holds Plaintiffs Made Sufficient Showing That Token Is Security to Survive a Motion to Dismiss

Recent posts have discussed proceedings brought by the SEC in connection with ICOs that violated the securities laws.  But private plaintiffs can also bring suits alleging violations of securities laws

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ICO, ICO Litigation, Litigation, US

Vermont Orders Cease and Desist to Cryptocurrency Company

In an earlier post, we reported on the North American Securities Administrators Association (NASAA)’s Operation Cryptosweep, coordinated series of enforcement actions by state regulators to crack down on fraudulent cryptocurrency-related

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Cryptocurrency, ICO, Litigation, US

SEC Hits Another Fraudulent ICO

On May 29 the Securities and Exchange Commission (“SEC”) announced it had obtained a court order halting the ICO of

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ICO, Litigation, SEC, US

State Regulators Launch ‘Operation Cryptosweep’ to Combat Fraudulent ICOs

In a press release issued on May 21, The North American Securities Administrators Association (NASAA)t announced one of the largest

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ICO, Litigation, US

U.S. Court Denies Injunction Request Against Alibaba Cryptocurrency Creator for Lack of Personal Jurisdiction

Defendants in this case created a cryptocurrency called Alibabacoin and used the Alibaba name on its alibabacoinwallet.com websites, Facebook page,

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Cryptocurrency, Litigation, SEC, US

U.S. SEC Obtains Emergency Freeze of $27 Million in Stock Sales of Purported Cryptocurrency Company Longfin

The U.S. Securities and Exchange Commission obtained a court order freezing more than $27 million in trading proceeds from allegedly

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Cryptocurrency, Litigation, SEC, Securities, US

Class Action Lawsuit Brought Against Nano

A class action lawsuit was brought today on behalf of investors in Nano f/k/a RaiBlocks (XRB), alleging, according to the

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Cryptocurrency, ICO, Litigation, Securities, US

U.S. SEC Brings Civil and Criminal Charges Against Founders of Centra Cryptocurrency Firm

The U.S. Securities and Exchange Commission announced today that it charged two co-founders of a purported financial services start-up with

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Cryptocurrency, ICO, Litigation, SEC, Securities, US

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