Order in the Court: How The Crypto Industry Seeks Justice Through Lawsuits

[kreslik.news]

Last month, a report by legal analytics firm Lex Machina revealed that the number of lawsuits mentioning the words ‘cryptocurrency’, ‘bitcoin’, or ‘blockchain’ this year has already increased 300 percent from the amount of similar cases filed in 2017–fifteen such cases were recorded last year; at least 45 are on record in the United States this year, and the number is on track to increase.

There are several common themes running through these cases. Many of them are addressing fraudulent activity intended to maliciously harm unsuspecting customers; others have been brought by the SEC and other regulatory ... (read more)