Stablecoins were marketed as the safe corner of cryptocurrency: digital dollars supposedly backed one-to-one by cash or short-term Treasuries, designed never to break from a one-dollar value. For many investors, that promise proved false. When TerraUSD lost its dollar peg in May 2022, it erased tens of billions of dollars
The collapse of FTX in November 2022 devastated over one million customers worldwide, with federal prosecutors describing it as “one of the biggest financial frauds in American history.” If you lost money in the FTX collapse, you may have legal options beyond the bankruptcy recovery process. Varnavides Law does not
When Celsius Network froze customer withdrawals in June 2022 before filing for bankruptcy, hundreds of thousands of investors lost access to approximately $4.7 billion in cryptocurrency assets. If you suffered losses from the Celsius Network collapse, understanding your legal options for recovery is essential. A Celsius Network losses attorney can
When Voyager Digital filed for bankruptcy in July 2022, more than 3.5 million customers found themselves locked out of their accounts, unable to access funds they believed were safely protected. The subsequent investigations by the Federal Trade Commission and Commodity Futures Trading Commission revealed a troubling pattern of deceptive practices
If you lost money through BlockFi Interest Accounts, you may have legal options to seek recovery through individual litigation or arbitration. BlockFi’s collapse in November 2022, following the implosion of FTX, left hundreds of thousands of investors facing significant losses. The Securities and Exchange Commission had already found that BlockFi
Decentralized finance promised to revolutionize investing by removing traditional intermediaries. Instead, it created new opportunities for sophisticated fraud that has cost investors billions. According to published industry research, cryptocurrency fraud losses reached billions of dollars in recent years, with DeFi fraud representing a rapidly growing portion of total crypto-related losses.
Non-fungible token (NFT) fraud has cost investors hundreds of millions of dollars through rug pulls, wash trading, counterfeit digital assets, and projects that sold what regulators determined were unregistered securities. If you lost money in an NFT project that abandoned its roadmap, artificially inflated prices, or misrepresented the nature of
Pig butchering scams have emerged as one of the most devastating cryptocurrency fraud schemes of 2024 and 2025, with the FBI’s Internet Crime Complaint Center (IC3) reporting $9.3 billion in digital asset fraud losses in 2024 — a 66% increase from the prior year. These elaborate schemes combine romance fraud