Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: mlawson71 on January 16, 2020, 02:51:19 PM

Title: Coinbase will pay $1 mln to victims of the Cryptsy hack attack
Post by: mlawson71 on January 16, 2020, 02:51:19 PM

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.
Source (https://www.forexbrokerz.com/news/coinbase-will-pay-1-mln-to-victims-of-the-cryptsy-hack-attack)

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.

Title: Re: Coinbase will pay $1 mln to victims of the Cryptsy hack attack
Post by: Malam90 on January 17, 2020, 06:05:29 AM

It will be a good idea if the victims of that hack get any compensation from the Cryptsy team. Most of them are small investors. They have lost their money there. So if they get back some compensation, they can retry again their trade and earn for them.