2025 Crypto Lawsuits Near 2024 Total in Six Months

Cryptocurrency-related litigation in the United States has surged in the first half of 2025, with the number of legal filings approaching the total recorded for the entire year of 2024. According to a report by Cornerstone Research titled “Securities Class Action,” six lawsuits were filed between January and June 2025—just one fewer than the seven recorded in 2024 [1]. These cases targeted a range of industry participants, including cryptocurrency issuers, digital asset miners, and “cryptocurrency-adjacent entities” such as firms manufacturing mining equipment or engaging in partnerships with crypto projects.

The report highlights a shift in litigation patterns, with three of the six 2025 cases initiated by Burwick Law, a New York-based firm specializing in crypto investor advocacy. This represents 50% of all crypto-related lawsuits in the first half of 2025, underscoring the firm’s prominent role in shaping the legal landscape [1]. Notable targets included the meme coin platform Pump.fun and parties associated with the controversial LIBRA memecoin initiative.

The rise in legal actions comes amid broader trends in securities litigation. During the first six months of 2025, 114 securities class-action lawsuits were filed across multiple sectors, including cryptocurrency, AI, cybersecurity, and SPACs. This aligns with historical averages and mirrors the 115 cases filed in the second half of 2024. Litigation activity also showed a front-loaded pattern, with 67 lawsuits in Q1 compared to 47 in Q2 [1].

Recent high-profile cases include a shareholder class-action suit against Coinbase, alleging failure to disclose a major data breach and regulatory compliance issues. Another notable case targeted MicroStrategy, formerly known as Strategy, over purportedly misleading disclosures regarding its bitcoin investments. The company’s stock reportedly fell 8.67% after a $5.9 billion unrealized first-quarter loss was disclosed, raising questions about risk management and investor communication [1].

In February, Pump.fun received a cease-and-desist notice from Burwick Law and Wolf Popper LLP, accusing the platform of unregistered securities violations and unauthorized use of intellectual property related to the Peanut the Squirrel (PNUT) token. In April, Burwick Law also raised legal concerns over the NFT infrastructure platform Metaplex, alleging improper handling of over 54,000 unclaimed SOL tokens valued at approximately $7.3 million [1].

These developments reflect a growing trend of private investors pursuing civil remedies in the absence of aggressive regulatory enforcement from federal agencies like the SEC and DOJ, which have seen reduced activity following recent policy shifts [1].

Source: [1] [2025 Crypto Lawsuits Nearly Match Entire 2024 Total in Just Six Months, Cornerstone Research Reports](https://cryptonews.com/news/2025-crypto-lawsuits-nearly-match-entire-2024-total-in-just-six-months-cornerstone-research-reports/)