Coinbase will pay $1 mln to victims of the Cryptsy hack attack

Discussion in 'Crypto Assets' started by mlawson71, Jan 16, 2020.

  1. mlawson71

    mlawson71

    Back in January 2016 the cryptocurrency exchange Cryptsy got hacked and 13 000 Bitcoin and 300 000 Litecoin were stolen, which forced Cryptsy to file for bankruptcy. A second cryptocurrency exchange, Coinbase, got involved in the hack after victims of the theft accused it of helping to launder part of the 8.2 million USD that were stolen in cryptocurrencies.

    The case is coming to a close for Coinbase now, as the exchange as agreed to pay a 962,500 USD settlement to the victims of the Cryptsy hacker attack. Coinbase and victims of the hack apparently reached an agreement about the settlement late last mongth.

    I am glad there will be some justice for the victims of this theft, though an even bigger justice would be for the hackers to be found and the stolen funds – returned.
     
    Nobert likes this.