Cryptocurrency litigation is a rapidly developing frontier in the legal field. Cases are being filed every week against coin exchanges and individuals by both private citizens and the federal government.
Cryptocurrency litigation is all forms of litigation revolving around the current cryptocurrency boom. Lawsuits have been filed over a variety of difficulties that have arisen with the new coins. There have been false advertising and misinformation lawsuits. There have been lawsuits alleging that a business from the start was a Ponzi scheme and that they had breached their fiduciary duty. Other lawsuits allege that currency exchange users have been frozen out of their accounts or that businesses were founded on being an exit scam.
Cryptocurrency litigation can be in the form of a class action or a single suit. Some people suing entire currency exchanges sue as a class in the hopes of assisting all of those affected. Often times cryptocurrency litigation is against businesses, but some litigation has been introduced related to the coins themselves.
When a new product starts to develop, litigation and regulation frequently follow. Cryptocurrencies have been available for the better part of a decade. During the current boom many businesses sprung up to compete and many people purchased cryptocurrencies without realizing the possible ramifications of their investment.
Patterson Law Firm is here to assist you with your cryptocurrency case. We have hundreds of years of legal experience as a team, and have been following the cryptocurrency boom and lawsuit cycle from its inception.
If you feel as if you’ve been wronged on an exchange or in a series of transactions, contact Patterson Law Firm here or at (312) 223-1699.