• Key insight: A new class action lawsuit alleges JPMorganChase enabled a massive $328 million cryptocurrency fraud by ignoring glaring warning signs.
• What’s at stake: During the scheme, the bank transferred approximately $123 million from Goliath’s business account to cryptocurrency wallets at Coinbase.
• Supporting data: Between January 2023 and June 2025, the bank allegedly processed $253 million in deposits for the Goliath Ventures scheme.

Overview bullets generated by AI with editorial review

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Victims of a Ponzi scheme this week alleged JPMorganChase enabled the $328 million cryptocurrency fraud by ignoring glaring red flags of fraud.

The proposed class action lawsuit, Steele v. JPMorgan Chase Bank, N.A., accuses the bank…