This past week, co-defendants in a class action related to the theft of cryptocurrency engaged in their own lawsuit over alleged security failures. IRA Financial Trust, a retirement account provider offering crypto-assets, sued class action co-defendant Gemini Trust Company, LLC, a crypto-asset exchange owned by the Winklevoss twins, following a
Continue Reading Litigation Between FinTech Companies Follows Class Action Over Cryptocurrency TheftSam Greeley
Samuel Greeley is an associate in the firm’s Washington, DC office representing clients in complex civil litigation and government investigations. Sam's practice focuses on a broad range of high-stakes issues facing companies in the tech sector, including class actions, antitrust investigations and litigation, and federal agency enforcement matters. This includes advising clients on issues relating to cryptocurrency and digital assets, and how they can stay ahead of the quickly evolving enforcement and litigation landscape. He has also defended clients from class actions and white collar investigations in other industries, including life sciences and healthcare.
Companies Increasingly Facing Class Actions Connected to Cryptocurrency Theft
A recent class action refiled in federal court against Shopify highlights a growing trend of lawsuits against companies related to the theft of cryptocurrency, particularly as a result of internal company threats. See Forsberg et al v. Shopify, Inc. et al, 1:22-cv-00436 (D. Del.). Despite not itself being a…
Continue Reading Companies Increasingly Facing Class Actions Connected to Cryptocurrency Theft