JPMorgan Sued Over Alleged $328M Crypto Ponzi Scheme
Photo: BlockTelegraph
Investors sued JPMorgan Chase over an alleged $328M crypto Ponzi scheme involving Goliath Ventures. The proposed class action accuses the bank of ignoring warning signs while servicing the crypto firm's accounts. Robby Alan Steele filed the lawsuit last Wednesday in the U.S. District Court for the Northern District of California. According to Banking Dive's report, investors claim Chase enabled a scheme now under federal investigation. Investors Challenge Chase Over $328M Crypto Ponzi Allegations The investors allege Chase acted as Goliath's sole bank between January 2023 and June 2025.
Source: BlockTelegraph
