Ripple v. Bitstamp
Counsel for Bitstamp in the cutting edge crypto-currency litigation in federal court in the Northern District of California. Bitstamp at the time (2015 and 2016) was the world’s largest crypto-currency exchange. The litigation involved a federal court interpleader action regarding transactions by several crypto-currency founders including Jed McCaleb of Mt. Gox fame. (Ripple v. Bitstamp) This highly complex civil litigation on cutting edge crypto-currency issues also overlapped with white collar issues as some of the parties to the case were concurrently under federal criminal investigation for their activities in the crypto-currency industry. This litigation involved the first time in history that an amount of crypto-currency was submitted to the possession of the federal court. The case was settled favorably to Farella’s client.