24 Oct '14, 10am

Florida Law Firm Files Two Lawsuits against Cryptsy and Bitcoin Savings & Trust - CoinTelegraph

Florida Law Firm Files Two Lawsuits against Cryptsy and Bitcoin Savings & Trust - CoinTelegraph

Florida Law Firm, Silver Law, has filed lawsuits against two Bitcoin companies on behalf of users who claim damages due to either company negligence or intentional intent malice. The Cryptsy lawsuit is the more interesting of the two, as Bitcoin Savings & Trust's Ponzi scheme was revealed so long ago even the SEC has officially dubbed it as such. Silver Law's press release unfortunately lumps the two companies together, even while the alleged actions of the two are far different. Silver Law, on behalf of its client, Skye Bonow, accuses Cryptsy of exaggerating its security protocols and blames the exchange for Bonow's loss of 140 BTC. According to the Silver Law's claims, Mr. Bonow alerted Cryptsy that his Bitcoin had been transferred to other Cryptsy accounts on January 27 but had not been moved out of the system (and Cryptsy's reach) yet. Instead of freezing the offending...

Full article: http://cointelegraph.com/news/112792/florida-law-firm-fil...

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