On Tuesday, May 12, 2026, seven plaintiffs filed an amended class action complaint in the US District Court for the District of Massachusetts against Circle Internet Group, Inc., a Delaware Corporation, and Circle Internet Financial, LLC. The lawsuit stems from a massive $280 million cryptocurrency exploit of the Drift Protocol,
On Tuesday, May 12, 2026, Shane E. Vaia filed a complaint against the Internal Revenue Service (IRS) in U.S. District Court for the Southern District of Ohio.
Vaia is seeking approximately $962,000 after the agency denied a tax deduction for an $825,000 loss incurred from a cryptocurrency “pig butchering”
On Wednesday, May 13, 2026, the United States filed a verified complaint for forfeiture in rem in the US District Court for the Western District of Michigan, seeking to forfeit cryptocurrency linked to a sophisticated fraud scheme that preyed on Chinese-speaking individuals across the country.
On Wednesday, May 13, 2026, the United States District Court for the District of Nevada issued an order concerning a dispute over properties allegedly purchased with fraudulent funds. Judge Jennifer A. Dorsey ruled on a motion to expunge a lis pendens, a notice filed on a property to indicate ongoing litigation that could affect its title.
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,
