The ongoing Nano saga has taken another twist with a token holder dropping his case.
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The ongoing Nano saga has taken another twist with a token holder dropping his case.
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When cryptocurrency exchanges fail, a seismic shock shudders through the cryptosphere. With thousands of users, from traders to companies, left out of pocket, litigation is inevitable in a bid to claw back some of the losses. Cryptopia is the latest in a long line of exchanges to face a litany of lawsuits from anguished creditors. […]
The post Cryptopia Suits Gather Steam as Another Failed Exchange Is Bound for Court appeared first on Bitcoin News.
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An Italian court has ruled that Francesco Firano, founder of defunct cryptocurrency exchange Bitgrail, was at fault for the disappearance of $170 million worth of the nano digital currency on his exchange last year. Firano, who called himself “The Bomber,” is now “required to return as much of the assets to his customers as possible. Also […]
The post Italian Court Orders Bitgrail Founder to Refund $170M of ‘Missing’ Cryptocurrency appeared first on Bitcoin News.
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Embattled cryptocurrency exchange, Bitgrail, announced ongoing bankruptcy proceedings in Italy have turned full force, as the court seized the exchange’s bitcoin wallets. The ecosystem seems decidedly torn between addressing the fundamental cause, a hack that drained $170 million, and making victims whole. Also read: William Shatner Joins Bitcoin Mining Project, Admits He Doesn’t Quite […]
The post Bitgrail Bitcoin Assets Taken by Italian Government, Victims Still Fuming appeared first on Bitcoin News.
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Earlier this month, Bitgrail’s principal Franceso Firano attempted to reopen the Italian cryptocurrency exchange after $170 million in losses and during their legal sorting out. An inside job or software hack, that hasn’t had an official determination, and fingers are still pointing between the exchange’s charismatic operator and crypto devs. International heavy law firm Bonelli […]
The post Bitgrail Exchange Ordered Down Indefinitely as Italian Court Upholds Halt appeared first on Bitcoin News.
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In today’s Bitcoin in Brief – crypto traders are in trouble due to issues with the trading platforms they have trusted. Hacked Italian Bitgrail exchange is closed again after a brief reopening. It suspended operations on request from the court of Florence, following a petition filed on behalf of one of its creditors. Also, beleaguered […]
The post Bitcoin in Brief Thursday: Crypto Traders in Troubled Waters appeared first on Bitcoin News.
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Bitgrail has denied responsibility for the recent hack that saw the theft of 17 million XRB, or Nano, in comments made in a Telegram group for victims of the hack. Despite rejecting responsibility for the incident, the exchange states that it will “voluntarily” refund users through the creation and issuance of BGS tokens. Also Read:Three […]
The post Bitgrail to Refund Hack Victims with Newly Created BGS Tokens appeared first on Bitcoin News.
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