Canadian Crypto Exchange Sues Users for Return of Bitcoin Misappropriated Dur...
Canadian crypto exchange Coinberry, part of Kevin O’Leary’s Wonderfi, has sued 50 customers for the return of the bitcoin they obtained without paying during a software glitch. “Coinberry contacted all of the said 546 affected registered users by email and demanded the return of the misappropriated bitcoins,” the lawsuit details. Coinberry Sues Users to Get Bitcoin Back Canadian cryptocurrency exchange Coinberry has reportedly sued its customers who took advantage of its software glitch and obtained bitcoin without paying. Coinberry, a regulated crypto trading....
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Cryptocurrency exchange Crypto.com accidentally transferred about $7.26 million to a customer’s account but did not notice the error for seven months. The crypto company has now sued the customer to recover the funds.
Crypto.com Sues Customer 7 Months After Mistakenly Transferring over $7 Million
The Australian Supreme Court of Victoria released a default judgment Friday in a case where crypto exchange Crypto.com accidentally transferred more than AUD$10.47 million ($7.26 million) to a customer’s account on May 20, 2021.
The crypto firm made claims....
Canada’s tax authority is reportedly asking a federal court to force cryptocurrency exchange Coinsquare to hand over information and certain documents on all of its users since the beginning of 2013. The Canadian crypto exchange has over 200,000 users. Canada Revenue Agency Wants Data on All Coinsquare Users The Canadian tax authority has asked a federal judge to force Coinsquare “to hand over information and certain documents about all its clients” since the beginning of 2013, the National Post reported on Friday, elaborating: The Canada Revenue Agency wants to know the....
San Francisco-based Coinbase, a leading Bitcoin exchange offering numerous services and products, has informed its Canadian users they must liquidate their CAD holdings by July 29th. “As of August 1, Coinbase’s Canadian payments provider, Vogogo, will be shutting down its payment processing business,” Coinbase stated in an email to users seen by Bitcoin Magazine. “When this occurs, Coinbase will no longer be able to support Canadian EFT transfers, Interac transfers or the storage of customer CAD on Coinbase.” Canadian dollars stored at Coinbase must be withdrawn off the site or converted....
The U.S. Securities and Exchange Commission has filed a lawsuit against a cryptocurrency hedge fund founder for fraud. The regulator is seeking an emergency order freezing $25 million in digital assets held by a crypto hedge fund he controls. Crypto Hedge Fund Founder Sued in the US The U.S. Securities and Exchange Commission (SEC) has sued a crypto hedge fund founder in Manhattan federal court. The regulator alleges that Stefan Qin, a 23-year-old Australian, defrauded investors in his $92.4 million cryptocurrency arbitrage fund, according to Tuesday’s court filing. Qin founded New....
Leading Bitcoin exchange Kraken has entered the Canadian market with a strategic alliance with risk-management & payment processor Vogogo Inc. According to a MarketWatch report, Vogogo has launched its proprietary compliance, risk management and payment processing platform with the Bitcoin exchange. The partnership is a key breakthrough for both the companies. The cryptocurrency startup Vogogo will provide Kraken with risk management, security, compliance and payment processing services to allow Kraken's Canadian users easily convert Canadian dollars into Bitcoin and other cryptocurrencies....