On Monday, May 18, 2026, Coin Insider reported that a group of 20 FTX customers sued Fenwick & West LLP for more than $525 million, accusing the Silicon Valley law firm of aiding in the concealment of fraud at the now-defunct cryptocurrency exchange.
On Wednesday, May 13, 2026, the United States District Court for the Southern District of New York denied an emergency motion by Aave LLC to lift a restraining notice on approximately $71 million in cryptocurrency assets. The assets are allegedly linked to North Korean hacking operations and were frozen by Arbitrum.
On Friday, May 13, 2026, the US District Court for the Northern District of California granted a motion to dismiss the case brought by plaintiff Harro Moen against SocialChain Inc. and other defendants. The court’s order, issued by United States Magistrate Judge Nathanael M. Cousins,
On Wednesday, May 6, 2026, Senator Elizabeth Warren sent a letter to Meta CEO Mark Zuckerberg, expressing significant concerns over the company’s reported plans to integrate a stablecoin into its platforms for transactions.
Warren, Ranking Member of the Senate Banking, Housing,
On Friday, May 8, 2026, Law360 reported that investors seeking damages for a $328 million cryptocurrency fraud at Goliath Ventures Inc. have expanded their legal battle, filing an amended complaint in Florida federal court that adds several major financial institutions as defendants.
The litigation,
On Tuesday, May 5, 2026, the European Public Prosecutor’s Office (EPPO) announced the arrest of an Italian businessman residing in Dubai, marking a significant development in an ongoing investigation into a large-scale VAT carousel fraud scheme.
The operation, executed by the Italian Financial Police (Guardia di Finanza) in Venice,
On Thursday, May 7, 2026, VM Innovations I, LLC filed a patent infringement complaint in the U.S. District Court for the Northern District of Texas against Coinbase Global, Inc., alleging infringement of seven blockchain-related patents.
The patents in question cover advancements in blockchain network architecture,
On Thursday, May 7, 2026, the United States government filed a civil forfeiture complaint in the U.S. District Court for the Eastern District of North Carolina seeking to seize 2,421,304.76529 USDT permanently.
The action is brought under 18 U.S.C.S. § 981(a)(l)(C) for property constituting proceeds from unlawful activities,
On Thursday, May 7, 2026, Zhewen Hu filed a complaint in the US District Court for the Northern District of Illinois against Jump Trading, LLC, Jump Crypto Holdings, LLC, Tai Mo Shan Ltd., Kanav Kariya, and William DiSomma, alleging violations arising from a fraudulent scheme to manipulate the market for Terraform Labs PTE Ltd.’s TerraUSD (UST) stablecoin and Luna token.
On Wednesday, May 6, 2026, Inge Van Hees filed an amended complaint in the US District Court for the Northern District of California against BAM Trading Services Inc. (Binance.US), alleging a violation of the Racketeer Influenced and Corrupt Organizations (RICO) Act under 18 U.S.C.S. § 1962(c).
