PANews reported on March 13 that, according to Cryptopolitan, a group of investors has filed a class-action lawsuit against JPMorgan Chase, accusing it of facilitating a $328 million cryptocurrency Ponzi scheme operated by Goliath Ventures. The lawsuit alleges that JPMorgan Chase, Goliath's principal bank, failed to prevent suspicious transactions, allowing funds to be transferred through its accounts and Coinbase wallet. The plaintiffs point out that JPMorgan Chase's partnership with Coinbase led it to lower its guard regarding Goliath's transactions, and Goliath's status as a profitable client caused the bank to overlook its operations. Approximately $123 million was sent from JPMorgan Chase accounts to Coinbase, with Goliath's CEO controlling the funds through a personal Coinbase account, actually only putting $1 million into liquidity pools and publishing false return rates on its website.

In February, it was reported that the former CEO of Goliath Ventures was arrested on suspicion of running a cryptocurrency Ponzi scheme worth approximately $328 million .