Recent Class Action Lawsuit Could Cost Binance Billions of Dollars. By TweetyPin On Apr 10, 2020 33. Share . Binance is one of several large cryptocurrency firms named in a series of recent class action lawsuits. If the lawsuits go south for this global company, it could end up costing them billions of dollars. Class action is looking for new members. Roche Cyrulnik Freedman has recently ... Now, Cryptsy customers from the same class action lawsuit are seeking damages against Coinbase, since Vernon converted USD 8.3 million worth of Bitcoin into cash via Coinbase over a period of years. At the time, Vernon claimed this was from profits, but suspicions were raised due to the similar amount of money stolen in the alleged hack. Bitcoin USD price on Coinbase android app. Source: Shutterstock.com Leidel Vs Coinbase. The plaintiff, Brandon Leidel, who is a former Cryptsy customer, filed the lawsuit on behalf of all affected customers whose money was stolen by Vernon. The procedural history from the appeal court document reads: Binance US, which is the United States version of Binance that recently launched following the ban of United States residents from Binance, has announced that they will be listing the popular cryptocurrency Dogecoin. Dogecoin has been one of the most popular alternative cryptocurrencies since the early days of the crypto market, and continues to have a large community that is known for ... Cryptsy, a former cryptocurrency exchange, users filed the lawsuit against Coinbase, which related to the takeover of Cryptsy and default in some of the services. As per the official documents, the cryptocurrency exchange has settled the Coinbase class action lawsuit for approximately one million dollars ($1M). 8. Binance. This was a relatively recent Bitcoin hack that took place on the 7th of May 2019. In this hack, the perpetrators were able to get away with a total of 7,000 Bitcoin which was worth about $40m at the time.
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