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Crypto litigation

Civil and regulatory court cases involving crypto companies, protocols and their executives.

Current stories

leadershipConfirmed6 publishers

BitMEX's operator faces a £20m High Court claim that unapproved UK derivatives contracts are void

Lewis Barber has filed a £20m High Court claim against BitMEX's operator, arguing UK crypto derivatives sold without FCA approval are void. His lawyers say thousands of non-professional UK investors may have lost money the same way, but the claim has not been served.

Perspective Coverage

6 publishers
Builder
Builder 12%
Operator
Operator 44%
Investor
Investor 44%

Reality

Evidence55
Adoption
Not scored
Hype gap+15
Incentives50
Confidence68
investConfirmed6 publishers

DWF Labs-linked firms sue BitGo for $141 million over tokens it bought under lock-up

Two DWF Labs-linked firms are suing BitGo for $141 million, alleging it sold tokens it had bought before their agreed lock-ups ended. The claim treats BitGo as a buyer of discounted tokens, so the exposure sits with sellers who relied on its promise to wait.

Perspective Coverage

6 publishers
Builder
Builder 16%
Operator
Operator 33%
Investor
Investor 51%

Reality

Evidence42
Adoption
Not scored
Hype gap+20
Incentives55
Confidence65
investConfirmed7 publishers

Conduit wants a judge to declare Tether's year-long freeze of its USDT working capital unlawful

Conduit sued Tether in New York federal court over $2.76 million in USDT it says Tether's own crime unit froze 376 days before filing. Until a judge rules on whether Tether may do that, firms keeping working capital in USDT have to plan for a lock lasting more than a year.

Perspective Coverage

7 publishers
Builder
Builder 18%
Operator
Operator 49%
Investor
Investor 33%

Reality

Evidence55
Adoption
Not scored
Hype gap+10
Incentives60
Confidence60
buildOne report1 publisher

Kelp DAO sues LayerZero in British Columbia over the $292M rsETH bridge exploit

Kelp DAO has sued LayerZero Labs and co-founder Bryan Pellegrino for negligence and misrepresentation over April's $292 million rsETH bridge exploit. The forged message cleared a bridge that trusted one LayerZero-run verifier, so the case tests who answers for that setup.

Publishers:dev.to

Reality

Evidence35
Adoption
Not scored
Hype gap+15
Incentives60
Confidence35
investConfirmed4 publishers

KelpDAO's developer sues LayerZero over the lone-verifier setup behind the $292 million rsETH exploit

Evercrest, the company behind KelpDAO, is suing LayerZero and CEO Bryan Pellegrino in British Columbia over the $292 million rsETH bridge exploit. Its negligence case rests on written 2024 assurances about a single verifier and on a risk warning it says LayerZero gave another customer.

Perspective Coverage

4 publishers
Builder
Builder 40%
Operator
Operator 32%
Investor
Investor 28%

Reality

Evidence55
Adoption40
Hype gap+15
Incentives70
Confidence60