Marc A. Wites, a partner with Wites Law Firm in Lighthouse Point, Florida/courtesy photo
The San Francisco-based cryptocurrency exchange agreed to settle a class action tied to another exchange's founder who was accused of cashing out his clients' funds.
January 28, 2020 at 02:44 PM
1 minute read
Managing Editor
The original version of this story was published on Daily Business Review
Digital currency exchange Coinbase has agreed to pay former Cryptsy account holders nearly $1 million in only the second cryptocurrency class action settlement.
Cryptsy account holders claimed founder Paul Vernon shut down the Delray Beach, Florida-based business and fled to China in 2015 after stealing from them and converting their bitcoins to dollars at Coinbase.
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