News & Analysis as of

Cryptocurrency Consumer Fraud

Orrick, Herrington & Sutcliffe LLP

California attorney general shuts down alleged cryptocurrency scams

On March 10, California Attorney General Rob Bonta released news of shutting down 42 allegedly fake cryptocurrency websites in 2024 that scammed victims out of at least $6.5 million. The scams supposedly issued an average...more

Troutman Pepper Locke

Navigating 2025: Regulatory Shift to the States and the FTC in the Digital Asset Landscape — The Crypto Exchange Podcast

Troutman Pepper Locke on

In this special joint edition of the Crypto Exchange and the Consumer Finance Podcast, host Ethan Ostroff is joined by colleagues James Kim and Chris Willis to discuss the anticipated regulatory approaches to digital assets...more

Cozen O'Connor

Iowa Takes a Swipe at Crypto ATMs for Alleged Role in Consumer Scams

Cozen O'Connor on

Iowa AG Brenna Bird sued cryptocurrency ATM operators Lux Vending, LLC, and Bitcoin Depot Operating, LLC (collectively, “Bitcoin Depot”) and GPD Holdings LLC d/b/a CoinFlip (“CoinFlip”) for allegedly failing to protect...more

Wiley Rein LLP

The FTC Is Targeting Crypto Too - With a Significant New Enforcement Action

Wiley Rein LLP on

Last week the Federal Trade Commission (FTC) joined the Securities Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) in bringing charges and announcing settlements with the now-bankrupt cryptocurrency...more

Robinson+Cole Data Privacy + Security Insider

Crypto Wallet Data Breach Leads to Class Action Litigation

Plaintiffs filed suit in the District Court for the District of Delaware against Shopify Inc. and TaskUs Inc., alleging that the companies failed to implement measures to prevent a data breach that resulted in a breach of...more

Robinson+Cole Data Privacy + Security Insider

Privacy Tip #317 – Social Media Fraud Increased in 2021

The Federal Trade Commission (FTC) recently released data showing that more than 95,000 consumers reported losses totaling $770 million from fraud schemes that started on social media. ...more

Bilzin Sumberg

New Lawsuits Target Cryptocurrency Companies and Their Celebrity Endorsers

Bilzin Sumberg on

We highlighted in a recent post regulators’ clear intentions to bring greater order to the cryptocurrency industry this year. The last three weeks have demonstrated that private litigants are not waiting on regulators to rein...more

Cozen O'Connor

Priorities and Trends Discussed at NAAG Consumer Protection Fall 2021 Conference

Cozen O'Connor on

On November 8, 2021, the National Association of Attorneys General (NAAG) held its Fall Consumer Protection Conference in person for the first time in two years with more than 170 attendees at the live program and...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - May 2018 #3

Robinson & Cole LLP on

CYBERSECURITY - Cyber Fraud Cost $1.4 Billion in 201 - The Federal Bureau of Investigation’s Internet Crime Complaint Center (IC3) recently released its yearly internet crime report, which states that over 300,000...more

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