Documents Reveal Divorce Dispute May Be at Heart of Crypsty Issues
Months before the digital currency exchange Cryptsy declared its insolvency and claimed it was the target of a debilitating hack and theft, CEO Paul Vernon's estranged wife claimed in a court filing that she was afraid her husband would flee the country with funds taken from businesses he owns, including Cryptsy. Court documents obtained by CoinDesk offer new details about an ongoing legal battle between Vernon and his wife, Lorie Ann Nettles, who filed for divorce last fall. The motion for injunctive relief sought a court order freezing the assets of Cryptsy and other entities owned by....
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The plaintiffs in a class action lawsuit filed after the collapse of Florida digital currency exchange Cryptsy are moving to settle with one of its defendants. Lorie Ann Nettles, the former spouse of Cryptsy CEO Paul Vernon, was named as a co-defendant in the class action, which was initiated in January. The lawsuit was filed after the now-defunct exchange claimed that it had been hacked two years prior, leaving it with millions of dollars in customer liabilities. Cryptsy’s collapse followed months of growing problems with customer withdrawals. Vernon later claimed that the exchange's....