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
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Companies Increasingly Facing Class Actions Connected to Cryptocurrency Theft
By Sam Greeley, Ashley Simonsen, Mike Nonaka & Kathryn Cahoy on
Posted in Blockchain, Litigation
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