[JPMorgan Sued by Investors for Alleged Involvement in $328 Million Crypto Ponzi Scheme] Odaily Planet Daily reports that investors filed a class-action lawsuit on Tuesday in the U.S. District Court for the Northern District of California, accusing JPMorgan of failing to prevent suspicious transactions and allowing Goliath Ventures, now defunct, to use its banking infrastructure to collect investor funds in a $328 million crypto Ponzi scheme. The lawsuit states that JPMorgan provided exclusive banking services to Goliath from January 2023 to May or June 2025. During this period, Goliath raised at least $328 million from over 2,000 investors. Approximately $253 million was deposited into JPMorgan's 0305 account, and about $123 million was transferred to Goliath's wallet held at Coinbase. Previously, on February 24, the U.S. Attorney's Office for the Middle District of Florida announced the arrest of Goliath CEO Christopher Delgado, who faces up to 30 years in federal prison. Prosecutors stated that Goliath (formerly known as Gen-Z Venture Firm) operated the scheme from January 2023 to January 2026. Another criminal complaint revealed that Goliath also held a business account at Bank of America, with Delgado as a co-signatory on the account.