A group of THORChain investors, calling themselves the THORFi Recovery Group, are preparing to sue the cryptocurrency network and its leaders. This follows the January 2025 collapse of THORChain’s THORFi lending and savings programs, which wiped out over $200 million in user funds.
The Case Against THORChain
The lawsuit aims to recover the lost funds for affected investors. Other creditors are encouraged to join the legal action.
The THORFi Recovery Group is represented by McDermott Will & Emery, a major law firm specializing in fintech and blockchain. They’re backed by J.S. Held, a global consulting firm with experience in crypto asset recovery and investigations. J.S. Held
J.S. Held is a global consulting firm offering forensic accounting, investigative services, and expert advice. They emphasize their experience in complex financial cases. Note: J.S. Held is not a law firm and does not provide legal advice.
(Disclaimer: This information is for news purposes only and does not constitute financial or legal advice. Always conduct your own research before making investment decisions.)/p>
