Class Action Lawsuit Filed Against Digital Currency Exchange Cryptsy
Two Florida law firms have filed a class action lawsuit in US district court against the digital currency exchange Cryptsy and its CEO, Paul Vernon.
Court documents suggest that the controversial digital currency exchange Cryptsy was expected to fail weeks before it announced its insolvency.
Court documents obtained by CoinDesk offer new details about an ongoing legal battle involving digital currency exchange Cryptsy CEO Paul Vernon.
A Florida court has frozen the assets of the digital currency exchange Cryptsy and placed it under the control of a receiver.
Crypsty CEO Paul Vernon told CoinDesk that the exchange did not tell customers about a hack – or tell them to stop depositing funds – to avoid panic.
Amidst a withdrawal freeze and the filing of a class action lawsuit in federal court, Cryptsy has announced that it is insolvent.