Bitcoin Users Consider Filing A Bitfinex Class Action Lawsuit

It was only a matter of time until somebody decided to take action against the Bitfinex team. A new website has been created, discussing the class action lawsuit against this company. Even if this were to be legitimate, it is doubtful people will get 100% of their money back anyway. This debacle is far from over, though, that much is certain.

A Bitfinex Class Action Lawsuit?

Ever since the Bitfinex exchange was hacked and lost US$65m in Bitcoin, there has been a debate on whether or not a class action lawsuit would take place. After all, exchanges are responsible for safekeeping customer funds, and the company utterly failed in doing so. Then again, no one should store money on an exchange either, so there is some room for debate there.

Things took a turn for the worse once Bitfinex announced they would recuperate losses by reducing user balances. In the end, every platform user who had some balance saw it reduced by 36%. A lot of people are not too happy with this decision, and some are exploring legal means to get their money back.

At the same time, a class action lawsuit

Read more ... source: LiveBitcoinNews