JPMorgan Faces Class-Action Claim Over Role in Alleged $328M Crypto Ponzi Scheme

On 12 March 2026, JPMorgan Chase was named in a proposed class-action lawsuit in Northern California alleging it helped process transactions for a $328 million crypto Ponzi scheme tied to Goliath Ventures. The complaint says about $253 million in deposits moved through JPMorgan accounts between January 2023 and June 2025 and claims the bank ignored red flags while serving as the firm's primary banking partner.