9th Circuit Finds Crypto Firm’s Delegation Provision Not Unconscionable

(December 7, 2023, 2:24 PM EST) -- SAN FRANCISCO — A cryptocurrency exchange customer, who lost funds in a phishing incident, failed to establish that the delegation provision in the exchange’s arbitration agreement is unconscionable and unenforceable, a Ninth Circuit U.S. Court of Appeals panel ruled, reversing a trial court’s denial of the exchange’s motion to compel arbitration of the customer’s Electronic Funds Transfer Act (EFTA) putative class claim against it....