A court case stemming from a class action lawsuit brought against Coinbase by Cryptsy customers has been reopened by Judge Marra in the US District Court of the Southern District of Florida. Cryptsy was a popular cryptocurrency exchange that closed down and went bankrupt in early 2016.
Supposedly, Cryptsy was hacked in July 2014 resulting in the loss of BTC 13,000 (Bitcoin) and LTC 300,000 (Litecoin), worth USD 7.5 million and USD 2.1 million respectively at the time of the hack. The CEO of Cryptsy, Paul Vernon, said he did not disclose information about the hack when it happened to avoid panic. He also said he wanted to try and repay losses from the hack with exchange profits.
Read full article at https://bitcoinnews.com/cryptsy-customers-vs-coinbase-case-reopened/