Crypto In The Courtroom—2025 Class Actions Could Hit All-Time High

Investors in the U.S. have filed six crypto-related class-action lawsuits in the first half of 2025, nearly matching the seven cases recorded for all of 2024. Half of the new suits target token issuers, while others involve mining companies and firms with crypto partnerships. Burwick Law, Pomerantz LLP, and Glancy Prongay & Murray are leading the charge, signaling a surge in private litigation as investors seek accountability.

AI-related lawsuits are also climbing, with 12 filings in H1 2025 compared to 15 for the entirety of 2024. Stanford law professor Joseph Grundfest attributes the trend to 'AI-washing,' where companies exaggerate their AI capabilities to attract investment. The fallout from such claims often triggers civil action when share prices collapse.

Overall securities litigation remains steady at 114 filings in H1 2025, mirroring the 115 cases in H2 2024. Yet niche sectors like crypto and AI are driving disproportionate growth in lawsuits, reflecting heightened scrutiny and investor activism.