Coinbase Granted One-Month Delay in Cryptsy Lawsuit Appeal
Coinbase has an extra month to file its appeal arguments in a legal dispute tied to the now-defunct cryptocurrency exchange Cryptsy.
A U.S district judge has reopened a case involving cryptocurrency startup Coinbase and the now-defunct exchange service Cryptsy.
Coinbase has lost another appeal in a case brought by former customers of the defunct exchange Cryptsy, and the case will now proceed to a jury trial.
Coinbase will fork over $962,500 after settling a class action lawsuit which alleged Cryptsy founder Paul Vernon used the U.S. exchange to launder his victims' funds.
Coinbase is moving ahead with its appeal of a court decision from earlier this summer related to the failed cryptocurrency exchange Cryptsy.
A U.S. district judge has handed down a default judgment worth $8.2 million against the CEO of the collapsed Cryptsy exchange.