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Author Topic: Coinbase will pay $1 mln to victims of the Cryptsy hack attack  (Read 260 times)

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Offline mlawson71Topic starter

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Coinbase will pay $1 mln to victims of the Cryptsy hack attack
« on: January 16, 2020, 03:12:23 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.

It is good that there will be some justice for the people who got robbed, but an even bigger justice would be for the hackers to be found and the stolen funds – returned.


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