Italian court forces BitGrail CEO to repay $170M in ‘lost’ cryptocurrency

2019-1-28 18:25

An Italian judge has reportedly ordered Francesco Firano, founder of shady cryptocurrency exchange BitGrail, to repay the $170 million worth of cryptocurrency that went “missing” early last year.

Documents shared by a BitGrail victim advocacy group show Firano, who goes by the moniker “The Bomber,” must declare bankruptcy, forfeit personal assets, and return as much of the stolen digital assets as possible. The docs suggest Firano continuously bungled security matters related to the private keys (cryptocurrency) of BitGrail users, and at one point, had transferred customer funds into wallets under direct BitGrail control. In particular, they noted he had failed to…

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Nano (NANO) and BitGrail Crypto Exchange Dragged to Court by Silver Miller and Levi Korsinsky

Silver Miller, a United States-based securities law firm committed to investment fraud and consumer class action cases, has joined forces with Levi Korsinsky to file a class action lawsuit against Nano (NANO) and the controversial BitGrail cryptocurrency exchange for allegedly defrauding investors according to a press release on January 7, 2018.

2019-1-9 17:00


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New Exchange Security Scoring Model Offers Insurance Rates for Coin Holders

International cybersecurity solutions provider Group-IB has come up with a scoring model to grade crypto exchanges based on their level of security. The scoring model was created by Group-IB in conjunction with Swiss-based Cryptolns (which is operated by Swiss insurance broker APIS AS), and the grading is intrinsic to CryptoIns’ new cryptocurrency exchange insurance, which will allow exchange users to cover up to 15 BTC worth of digital assets held in their exchange accounts.

2018-11-13 00:43


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Nano Investor Abandons Lawsuit

An attempted class-action lawsuit against the creators of Nano has been dismissed with prejudice, after the lead plaintiff withdrew his complaint. Investor Alex Brola attempted to launch the suit against the cryptocurrency’s creators on behalf of the victims of the BitGrail hack, asking a US District Court to force developers to launch a “rescue fork,” putting […] The post Nano Investor Abandons Lawsuit appeared first on Crypto Briefing.

2018-10-25 21:30


NANO Developers Cleared in Lawsuit over BitGrail Hack

NANO (NANO)–NANO, the cryptocurrency formerly known as Raiblocks XRB, has had one of the more historically bad trajectories of the 2018 bear cycle. While the coin experienced a meteoric rise in valuation to close out 2017, one that saw the price of the coin climb from under a dollar to nearly $36 in the span […] The post NANO Developers Cleared in Lawsuit over BitGrail Hack appeared first on Ethereum World News.

2018-10-24 03:59


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