Coinbase offers nearly $1 million settlement to Cryptsy victims following class action lawsuit

Coinbase offers nearly $1 million settlement to Cryptsy victims following class action lawsuit – The Block

Coinbase agreed last year to offer a $962,500 settlement to former customers of the now-defunct crypto exchange Cryptsy for allegedly failing to stop the laundering of stolen coins, according to a CoinDesk report. Cryptsy first claimed insolvency in Jan. 2016 following a supposed hacking incident of approximately 13,000 bitcoin and 300,000 litecoin.