Recent months have seen a sharp rise in class-action lawsuits targeting major cryptocurrency companies. The legal actions, filed in early 2025, allege widespread misconduct including securities violations, privacy breaches, and fraudulent schemes.
Bakkt Holdings confronts litigation over alleged securities law violations and revenue misrepresentation. Court documents reveal that brokerage platform Webull generated 74% of Bakkt’s crypto services revenue during 2023 and 2024.
Coinbase is battling multiple class actions, including claims of biometric privacy violations and data breaches. The company estimates potential remediation costs for these cases near $180 million.
Investment firm Strategy, led by Michael Saylor, faces legal challenges questioning its bitcoin-centric strategy. The lawsuit coincides with Strategy’s acquisition of 7,390 BTC worth $764.9 million.
The LIBRA token plummeted after Argentine President Javier Milei deleted an endorsement tweet, triggering lawsuits from investors seeking recourse over rapid value depreciation.
Pump.fun stands accused of operating an alleged deceptive memecoin scheme that generated $5.5 billion. Complaints include racketeering, fraud, and unjust enrichment claims.
These lawsuits highlight increasing regulatory scrutiny and legal risks facing cryptocurrency enterprises.