#bitgrail

[pavel-nosok]

Nano seeks $700K in costs from plaintiff who dropped class action with 'absurd' claims

Nano seeks $700K in costs from plaintiff who dropped class action with ‘absurd’ claims

The ongoing Nano saga has taken another twist with a token holder dropping his case.

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[thecryptoreport]

Defunct Bitcoin Exchange Wex (Formerly BTC-E) Chief Arrested in Italy: BBC

BBC Russia has it that former Wex Exchange (formerly BTC-E) operator Dmitry Vasilyev has been detained in Italy.

Some may recall the curious price discrepancies on Wex not so long ago, which raised red flags across the industry.

The Wex/BTC-e Connection

The belief was that the exchange wanted to attract deposits to capture money for nothing. Once the deposits were made, it was believed,…

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[thecryptoreport]

Nano Cryptocurrency Facing Second Class-Action Lawsuit Over BitGrail Hack

Nano Cryptocurrency Facing Second Class-Action Lawsuit Over BitGrail Hack

For the second one time, Nano’s builders and different events are dealing with a category motion lawsuit. The lawsuit names Francesco Firano, Nano as an entity, BitGrail, and 4 others in a lawsuit proposed Friday in a California federal court docket. Among the allegations in opposition to them are fraud and violations of the Securities Act. The lawsuit alleges the defendants tricked…

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[goforcrypto]

Cryptopia Suits Gather Steam as Another Failed Exchange Is Bound for Court

Cryptopia Suits Gather Steam as Another Failed Exchange Is Bound for Court

When cryptocurrency exchanges fail, a seismic shock shudders through the cryptosphere. With thousands of users, from traders to companies, left out of pocket, litigation is inevitable in a bid to claw back some of the losses. Cryptopia is the latest in a long line of exchanges to face a litany of lawsuits from anguished creditors.

Also read: Mixing Service Bitcoin Blender Quits After Bestmixer…

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[justyournewsworld]

An Italian judge orders Francesco Firano, founder of cryptocurrency exchange BitGrail, to repay the $170M worth of cryptocurrency that went "missing" early 2018 (David Canellis/The Next Web)

An Italian judge orders Francesco Firano, founder of cryptocurrency exchange BitGrail, to repay the $170M worth of cryptocurrency that went "missing" early 2018 (David Canellis/The Next Web)

David Canellis / The Next Web: An Italian judge orders Francesco Firano, founder of cryptocurrency exchange BitGrail, to repay the $170M worth of cryptocurrency that went “missing” early 2018  —  THAT’S IF HE EVEN HAS IT ANYMORE …  An Italian judge has reportedly ordered Francesco Firano …

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[quicklycybermoon-blog]

BitGrail Sentenced to Refund Hack Victims

Last year the hackers attacked the Italian crypto exchange BitGrail in one of the most memorable stunts in the history of digital assets. Now the owner and founder of the marketplace, Francesco Firano, has to return all of the stolen funds to their rightful owners. The court decision was ruled on January 21 and scans of the official documents can be found here. The documents were made public by the Bit Grail Victims Group (BGVG) this Monday. In a separate post, BGVG said: “the court concluded that both Bitgrail and Mr. Firano, personally, be declared bankrupt, authorizing seizures of many of Mr. Firano’s personal assets.” According to the very same post, the Italian authorities have seized as much as $1 million from Firano's personal assets. Yeah, his car, too. Furthermore, the post clarifies that “millions of dollars in cryptocurrency assets have been seized from Bitgrail’s exchange accounts and moved to accounts managed by trustees appointed by the Court.” The court decision argues that “it was the BitGrail exchange that actually requested to the node multiple times to allow the funds to leave the wallet” and then “not the Nano network that allowed the multiple withdrawals. Furthermore, the exchange also reportedly stored all of its Nano cryptocurrency holdings in a “hot wallet,” which compromised its security.” The whole fiasco between BitGrail and Nano started way back in July 2017. When some 2.5 Nano tokens vanished out of thin air, Firano concluded that the accounts drained belong to the same people whose Twitter accounts have been blacklisted the very same month. In October the same year, another 7.5 Nano tokens disappeared. When in December 2017, Firano began using a cold wallet as the central exchange wallet, BitGrail's availability started to become periodic. However, the court was concerned by the fact that Firano moved some 230 BTC to his personal account just days before the infamous Nano theft. The US law firms are quick to file lawsuits in such cases (check RGCoins and CoinFlux). The developing teams of both Nano and BitGrail are accused of violating federal securities laws. Last February, Firano asked the core team behind Nano to reverse the transactions by conducting a hard fork but Nano met his pleas with silence. Read the full article

[btcmanager]

Judge Orders BitGrail Founder to Reimburse Victims of 2018 Hack

Judge Orders BitGrail Founder to Reimburse Victims of 2018 Hack

On January 28, 2019, victims of the 2018 BitGrail hack announced that a court ruling has ordered the exchange to compensate them for the hack which led to the loss of over $195 million. Breaking the Bank On January 28, 2019, the BitGrail Victims Group (BGVG) made an announcement via Medium that...

https://btcmanager.com/judge-orders-bitgrail-founder-to-reimburse-victims-of-2018-hack/?utm_source=Tumblr&utm_medium=socialpush&utm_campaign=SNAP

[cryptobitnews]

Owner of Hacked Crypto Exchange BitGrail Sentenced to Return Funds to Customers Francesco Firano, the owner and founder of hacked Italian cryptocurrency exchange BitGrail, has been sentenced to return as much of the assets to his customers as possible.