Bitmain Sued For Allegedly Using Customers’ Devices To Mine Cryptocurrencies

News | November 27, 2018 By:

Chinese crypto mining giant Bitmain has been sued for allegedly mining cryptocurrencies without the customers’ consent. The class action lawsuit was filed by Los Angeles County resident Gor Gevorkyan in the North District Court of California.

The lawsuit claims that Bitmain redesigned its ASIC devices to mine cryptocurrency for the benefit of itself rather than its customers who purchase the products.


JPMorgan Chase Sued Over ‘Sky-High’ Cryptocurrency Fees

Crime, News | April 12, 2018 By:

JPMorgan Chase has been hit with a class-action lawsuit in Manhattan federal court for charging “sky-high” interest rates and fees to customers who used their credit cards to buy cryptocurrencies.

Brady Tucker, the plaintiff named in the April 10 complaint, alleges that Chase Bank charged additional layers of fees and much higher interest on the cash advances versus what they charge for credit card purchases,


BitConnect Faces Another Lawsuit Over Ponzi Allegations

Crime, News | January 31, 2018 By:

Crypto investment platform BitConnect has been hit with another class action lawsuit.

The lawsuit, filed by investor Brian Paige in Kentucky federal court, names BitConnect International, BitConnect LTD, Bitcoinnect Trading LTD, and Ryan Maasen as defendants. The plaintiff alleges that BitConnect’s investment platform is actually a Ponzi scheme,


Cryptocurrency Hedge Fund Sued for Abandoned ICO

Crime, ICO News, News | December 21, 2017 By:

Cryptocurrency investor law firm Silver Miller has filed a class action lawsuit against Monkey Capital, a Delaware-based company seeking to create a decentralized hedge fund.

The lawsuit, filed in the US District Court in Florida, alleges that Monkey Capital fraudulently promoted an initial coin offering (ICO) that violated numerous state and federal securities laws.