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Crypto Class Suits Doubled, SPAC Suits Sank in ’22, Report Finds

Investors filed 23 new proposed class actions over cryptocurrency that weren’t related to mergers and acquisitions in 2022, more than twice the number filed in 2021, while fewer investors sued over special-purpose acquisition companies than the year before, according to a report from Cornerstone Research.

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Genesis Seeks $21 Million From ‘Bitcoin Jesus’

A Genesis unit is seeking more than $20 million from Bitcoin Cash backer Roger Ver, known to some as “Bitcoin Jesus,” alleging that he failed to settle cryptocurrency options transactions that expired in December. Joanna Ossinger reports on Bloomberg Television.

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