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Coinbase Hands Nearly $1M to Cryptsy Victims After Settling Class Action Lawsuit
According to a set of court documents dated Nov. 27 and Dec. 10, 2019, Coinbase has agreed to turn $962,500 over to an escrow agent responsible for handling class action claims related to a previous lawsuit against Cryptsy. Lawyers for the plaintiffs, who announced the settlement Monday, have already won 11,325 BTC from this previous case. The plaintiffs created a webpage for potential Cryptsy victims – any individuals who used the exchange before 2015 – listing upcoming key dates and outlining how they can submit claims. The settlement concludes a three-year legal action which nearly saw a jury trial. A hearing ... (full story)