JPMorgan faces class-action lawsuit for aiding $300M crypto Ponzi scheme

JPMorgan is facing a class-action lawsuit for allegedly aiding a $328 million cryptocurrency Ponzi scheme operated by the now-defunct Goliath Ventures. According to Cointelegraph, investors filed the suit on Tuesday in the U.S. District Court for the Northern District of California, claiming the bank ignored suspicious transactions and allowed Goliath to use its infrastructure to collect investor funds.