Gate News: On March 12, investors filed a class-action lawsuit in the Northern District of California Federal Court on Tuesday (March 11), accusing JPMorgan of failing to stop suspicious transactions in a $328 million crypto Ponzi scheme operated by the now-defunct Goliath Ventures, and allowing the company to use its banking infrastructure to collect investor funds. The complaint states that JPMorgan provided exclusive banking services to Goliath from January 2023 to May or June 2025, during which Goliath raised at least $328 million from over 2,000 investors. About $253 million was deposited into JPMorgan’s account 0305, and approximately $123 million was transferred to a wallet held by Goliath on a certain CEX. Previously, on February 24, the U.S. District Attorney’s Office in Florida announced the arrest of Goliath CEO Christopher Delgado, who faces up to 30 years in federal prison. Prosecutors allege that Goliath (formerly known as Gen-Z Venture Firm) operated the scheme from January 2023 to January 2026. Another criminal complaint indicates that Goliath also held a business account at a bank, with Delgado as a co-signer.
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