The U.S. DOJ and SEC have intervened to support a class action lawsuit against Nvidia, which alleges that the company misrepresented over $1 billion in GPU sales by attributing them to gaming demand, while they were actually linked to crypto mining. Initially dismissed in 2021, the case was revived in 2023, with Nvidia appealing to the Supreme Court. Federal agencies argue the case should proceed, highlighting evidence and insider accounts that Nvidia understated its crypto-related revenues between 2017 and 2018. Source: Finfold
