Lawsuit

On Jan. 1, attorney John Deaton said XRP holders helped halt U.S. government overreach after he filed a lawsuit against a major regulator. He called the filing a pivotal moment in the fight for crypto rights.

Terraform Labs' administrator has filed a $4 billion suit accusing Jump Trading of covertly manipulating the Terra ecosystem and profiting from its collapse, which wiped out about $40 billion in investor value. The complaint, filed in December, was reported by The Wall Street Journal and Bloomberg.

The SEC has sued a Philadelphia-based Bitcoin mining operator, alleging an unregistered securities scheme and diversion of more than $48 million in customer funds. The filing treats third-party mining services as securities, increasing scrutiny on hosted mining offerings.

Former President Trump issued a pardon for Binance CEO Changpeng Zhao while a federal civil lawsuit filed by 306 victims and family members accuses the exchange of facilitating $1 billion in terror financing tied to the October 7, 2023 Hamas attacks.

A $1 billion lawsuit accuses Binance and CEO Changpeng Zhao of financing the October 7 attack, alleging the exchange ignored warning signs for years and allowed suspicious accounts to operate. The filing intensifies scrutiny on exchange controls and who ultimately owned those accounts.

Victims of Hamas attacks have filed a damages lawsuit alleging Binance enabled transfers exceeding $1 billion to sanctioned groups, including Hamas and Iran’s IRGC. The suit claims the exchange failed to stop or block illicit fund flows.

A lawsuit filed Nov. 24 alleges Binance’s organizational setup and compliance controls allowed individuals tied to U.S.-sanctioned terrorist groups to move funds through the exchange. The case raises fresh legal and regulatory pressure on the world's largest crypto platform.