Bitcoin Exchange Cryptsy Faces an “Updated” Class Action Lawsuit
The updated lawsuit filed by Silver Law Group (SLG) and Wites & Kapetan names Cryptsy’s head Paul Vernon and his wife Lorie Ann Nettles as defendants. The class action lawsuit filed against Bitcoin exchange Cryptsy has just been updated with the name of one more defendant. The updated lawsuit filed by Silver Law Group (SLG) and Wites & Kapetan names Lorie Ann Nettles – Paul Vernon’s former wife – as the new defendant. It says that both the individuals, who operated an online business for public to trade and exchange Bitcoin and similar cryptocurrencies, prevented customers from....
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One of the defendants in the class action lawsuit against Cryptsy cryptocurrency exchange, Lorie Ann Nettles enters into a settlement agreement involving liquidation of almost all of her assets. There have been few new developments in the ongoing class action lawsuit against the now defunct cryptocurrency exchange, Cryptsy. The Bitcoin exchange based out of Florida stopped its operations earlier this year. At the time of shutting down, the platform allegedly had accommodated liabilities of over $10 million, of which $5 million belonged to the customers. The class action lawsuit was filed....
A lawsuit filed against Coinbase alleges the money transmitter did not fulfil its regulatory requirements to do its due diligence and investigate Mr. Vernon’s activity and his Coinbase accounts. Coinbase Accounts Allegedly Held Stolen Funds. When $8.2 million in customer funds went missing from Cryptsy user accounts in 2014-15, a class action lawsuit was....
A Florida judge has certified a class action lawsuit filed on behalf of customers of the now-defunct digital currency exchange Cryptsy. In an order issued yesterday, US District Judge Kenneth Marra approved a request by plaintiffs for class action certification, originally filed on 27th July. According to the order, the certification covers all Cryptsy account holders as of 1st November, 2015. Specifically, it includes anyone "who held bitcoins, alternative cryptocurrencies or any other form of monies or currency" prior to that date on the exchange. The lawsuit dates back to....
As the situation surrounding Crypsy continues to unfold, we saw the company post a blog entry stating that the majority of the funds within the company were stolen over a year ago and that that company has been insolvent for quite some time for a variety of reasons, one mainly being the theft of 13,000 BTC and 300,000 LTC. This announcement was coincidentally made just a day after Cryptsy was informed that a class-action lawsuit was being filed against them. So now what? Currently, Cryptsy seems to be in too big of a financial hole to dig itself out no matter what happens and is....
Coinbase faces a class action lawsuit against its involvement in the Cryptsy fiasco. Read more... Coinbase is courting one trouble after another. Following the latest issue with the IRS, the cryptocurrency company has another legal challenge to face. This time, it is a class action lawsuit by Silver Law Group and Wites & Kapetan regarding the platform’s alleged involvement in $8 Million theft by Cryptsy’s promoter Paul Vernon. The nationwide class action lawsuit against Coinbase has been filed in the United States District Court for the Southern District of Florida. According to....