Crypto class action lawsuits at a pace of 2025

The number of investor-led class action lawsuits in the United States related to crypto and artificial intelligence is already close to the total filed in all 2024.

In its report Wednesday, Cornerstone said AI and Crypto were the top trends in complaints for the first half of 2025, with 12 AI-related filings and six crypto-related filings, both of which are shy about the total number of similar complaints filed throughout the last year.

This was despite the total number of securities class actions lawsuits filed by shareholders who argued that losses remain flat in the first half of 2025, 115 new lawsuits were filed in late 2024.

The report shows that even if US agencies, including the Justice Department and the Securities and Exchange Commission, retreat crypto enforcement under President Donald Trump, victims are still filing civil lawsuits against crypto companies.

Crypto class action lawsuits near 2024

According to Cornerstone, seven crypto-related rank lawsuits were seen in 2024, with six filings so far this year showing a significant increase above last year’s total.

Of the six submissions, half opposed the code issuer, while one complaint was against the code miners. Two of the filings were complaints about what Cornerstone called the “Cryptocurrency-Adjacent Company.” This has sold mining rigs, attempted to encrypt them, and partnered with crypto companies.

Complaints about special purpose acquisition companies (SPACS) that take over the company to make them public were also on a prominent uptrend. sauce: Research on the cornerstones

Half of the code-related complaints filed so far this year are due to the law firm’s Berwick Act, with two prominent lawsuits allegedly lying behind the complaints against Pump.Fun and the controversial Libra Memecoin.

Burwick Law founder Max Burwick told Cointelegraph that civil lawsuits, particularly related to Crypto, “often provide an important pathway to accountability when other remedies have not yet been caught up.”

Related: Coinbase sues men using URLs like Coinbase to make money

Of the remaining filings, two were led by Pomerantz LLP, and one was submitted by Glancy Prongay & Murray.

Important driving forces for AI-Washing-related litigation

The report said that first half of AI-related filings were locked in a total of 15 cases submitted last year, with Stanford law professor and former SEC committee member Joseph Grandfest saying the major trend was “risk and AI dollars.”

“CHATGPT describes the rise in AI-related securities litigation as “driven primarily by a phenomenon known as ‘AI washing’.” It explains how companies exaggerate, misrepresent or forge the scope of their AI capabilities to investors and the public.

“There’s nothing else to add to this AI description of the AI lawsuit,” he added.

magazine: Meet Attorney Max Berwick – “Crypto Ambulance Chaser”