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Additional compensation available for Cryptsy victims, court notice says By Cointelegraph

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Additional compensation available for Cryptsy victims, court notice says

Last week, some former users of the now-defunct cryptocurrency exchange Cryptsy received a notice informing them of a new turn in the ongoing class settlement process. This document was approved by the United States District Court for the Southern District of Florida. It states that anyone who was defrauded following the collapse of the digital financial platform in 2016 may be entitled for money from an additional recovery.

The cryptocurrency exchange Cryptsy collapsed in January 2016, following user complaints about difficulties withdrawing funds. The court later found that Cryptsy founder Paul Vernon had stolen millions of dollars worth of customers’ digital assets before fleeing to China. Later that year, a group of the exchange’s users initiated a class action against the company and its founder, while what was left of Cryptsy went into receivership.