As crypto adoption grows, numerous class-action lawsuits have been filed against crypto firms, particularly in the first half of 2025. A report by Cornerstone highlighted that these legal actions are not solely related to securities but also cover consumer protection and fraud. Major cases include Bakkt, accused of misleading revenue disclosures; Coinbase, facing multiple lawsuits over bankruptcy disclosures and alleged privacy violations; and Strategy, which is scrutinized for misleading statements regarding its Bitcoin investment strategy. Other notable mentions include LIBRA, associated with Argentine President Javier Milei, facing allegations of deceptive practices, and memecoin platform Pump.fun, which is under investigation for racketeering claims. Additionally, Nike is accused of a rug pull over its NFT platform. These lawsuits can lead to significant financial and reputational consequences for the involved companies but often take years to resolve.

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