
$440M Crypto Ponzi TradeAI case dodges dismissal bid
The lawsuit tied to the alleged $440 million TradeAI/Stakx scheme will stay and move ahead. Crypto-focused firm Burwick Law announced that a US court has denied a motion to dismiss the case. This ruling came from Lewis Kaplan in the Southern District of New York. In the fresh proceedings, the court rejected all key arguments raised by the defense. This included jurisdiction, venue, and service-related objections. The crucial case was filed back in 2024. However, the fight is still on. It accuses several individuals of running an alleged Ponzi-style operation around NFTs. The complaint also mentioned crypto investment pools. Judge…








