JPMorgan Chase sued for assisting in the flow of funds for unlicensed cryptocurrency investment pools

Techub News, according to Cointelegraph, investors have sued JPMorgan Chase, accusing it of facilitating the flow of funds to Goliath Ventures, a suspected Ponzi scheme. Documents show that approximately $253 million was deposited into the bank's accounts between 2023 and 2025, of which $123 million was transferred to Goliath’s Coinbase wallet. Investors allege that JPMorgan, through its due diligence obligations, knew that Goliath was operating unlicensed cryptocurrency investment products. Goliath’s head, Delgado, claims to be cooperating with federal law enforcement in investigating former colleagues involved in the case. The court has now extended the lawsuit filing deadline to June 26.