Class Actions Come To The Cryptocurrency Markets

In the U.S. there has been an notable uptick in class action lawsuits launched against companies in the cryptocurrency market in late 2017. As public attention turned to the roller-coaster ride of cryptocurrency markets over the past year, it is not surprising that ambitious class counsel have jumped on the ride by issuing their first putative class actions against companies funded through initial coin/token offerings (ICO) and companies that are otherwise active in the cryptocurrency space. With over $3 billion dollars raised through ICOs in 2017, and few signs of the market dynamics changing any time soon, we expect that this trend will continue in 2018.

The Emergence of a Trend in the U.S.