Short News View Non-AMP

JPMorgan Sued Over Alleged $328M Crypto Ponzi Scheme

Published by
Sohrab Khawas

A class action lawsuit filed on March 10, 2026, in California federal court alleges that JPMorgan Chase played a key role in facilitating a $328M crypto Ponzi scheme linked to Goliath Ventures. Plaintiffs claim the bank processed large suspicious transfers and ignored compliance warning signs, which helped the operation appear legitimate to more than 2000 investors nationwide. Goliath CEO Christopher Delgado, arrested in February, allegedly misused investor funds for luxury assets while repaying earlier investors with new deposits.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Recent Posts

Why Goldman Sachs Owning the XRP ETF Is Not the Bullish Signal Most People Think It Is

Goldman Sachs appearing on the holder list of the newly launched XRP and Solana ETFs…

March 12, 2026

Binance Alpha Delists 21 Tokens After Review

Binance has removed 21 tokens from its Binance Alpha spotlight after they did not pass…

March 12, 2026

Grayscale Launches Avalanche Staking ETF on Nasdaq

Grayscale Investments is set to launch its Avalanche Staking ETF (GAVA) on Nasdaq this Friday,…

March 12, 2026

Chainlink Price Analysis: LINK Eyes Breakout From Consolidation as Bulls Target Higher Levels

The price of Chainlink has remained trapped within a prolonged accumulation range for over a…

March 12, 2026

XRP ETFs Attract $1.4 Billion Inflows Despite Price Drop

Since launching in November 2025, XRP exchange-traded funds (ETFs) have attracted more than $1.4 billion…

March 12, 2026

“Biggest Threat to Crypto”: FTX Founder Calls Out Gensler’s Secret War on the CFTC

Sam Bankman-Fried is serving 25 years in a California federal prison, his retrial request was…

March 12, 2026