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Crypto Lawsuits – 2025 Sees Record Number of Lawsuits Against Crypto Firms
Crypto Lawsuits – As crypto adoption expands worldwide, crypto companies are increasingly targeted by class-action lawsuits, signaling growing legal scrutiny in the digital asset sector.
Legal Pressure Mounts Despite Regulatory Shifts
A recent report by economic consultancy Cornerstone reveals that the number of class-action lawsuits filed against crypto firms in the first half of 2025 nearly matches the total from all of 2024. This rise occurs even as U.S. regulators, including the Securities and Exchange Commission (SEC), have softened enforcement under the Trump administration. Importantly, these figures only cover securities-related lawsuits; additional suits concerning consumer protection and fraud are also on the rise.
High-Profile Crypto Lawsuits Making Headlines
Some of the most high-profile crypto lawsuits making headlines in 2025 include Bakkt, the U.S.-based exchange accused of violating securities laws by allegedly misrepresenting significant revenue losses related to major clients Bank of America and Webull, which reportedly caused a staggering 73% drop in top-line revenue.
Coinbase faces multiple lawsuits, including accusations of failing to protect customer assets, violating Illinois biometric privacy laws, and a massive data breach in May that triggered at least six lawsuits and potential damages exceeding $180 million. Strategy, the Bitcoin investment firm led by Michael Saylor, is being sued over allegedly misleading statements about the profitability of its Bitcoin-focused investment strategy just before it purchased over 7,000 BTC for $764.9 million.
LIBRA Coin, supported by Argentine President Javier Milei, is facing claims of deceptive practices following a dramatic price surge and crash after its 2025 launch.
Pump.fun, a memecoin platform, is accused of running a fraudulent “slot machine” scheme, raising more than $5.5 billion from investors, and is now facing serious RICO and fraud allegations. Lastly, sports giant Nike is being sued for a so-called “rug pull” after shutting down its NFT platform RTFKT, with plaintiffs demanding $5 million in damages for alleged consumer protection law violations.
Long Road Ahead for Crypto Legal Battles
While these lawsuits carry potentially significant financial and reputational risks for the crypto industry, many of these cases take years to resolve. For example, a 2020 suit against Binance only advanced to the U.S. Supreme Court in 2025. Similarly, celebrity-endorsed cases linked to FTX have dragged on for years without resolution.
