Crypto Class-Action Lawsuits Don Surge for H1 2025, Dem Hit Big Firms
Crypto class-action wahala dem for di first half of 2025 don almost reach di total wey happen last year. Di big bodi dem include Bakkt, Coinbase plus Michael Saylor bitcoin investment vehicle. Bakkt dey face claims say dem break securities law plus say dem give false revenue tins after dem lose Webull and Bank of America as client dem. Coinbase get lawsuit for say dem nor talk true about bankruptcy risk, say dem break Biometric Information Privacy Act plus say data breach wey happen May 2025 fit cost dem like $400 million. Strategy dem talk say dem no talk true about their bitcoin strategy after dem buy BTC worth $765 million. LIBRA token project wey Argentina support dey face fraud claims after price crash. Small players like Pump.fun memecoin platform and Nike RTFKT NFT project dem sef dey face RICO and rug-pull wahala. This crypto class-action cases show say law and regulator dem dey watch crypto space well well. Traders suppose dey watch all dis cases well, because if di case long and penalty heavy e fit make market shake and affect token price.
Bearish
Plenty crypto class-action lawsuit dey increase wahala and risk for big companies. Dis extra watch wey dem dey do fit make market people change how dem feel, e fit cause short-term price pressure and market shake things. For long term, e fit make strict rules dey follow, but as court case still dey go and maybe dem go settle or pay fine, e mean say sellers fit reduce how much dem dey put for market because of legal palava.