BREAKING NEWS

Virtual Coin Owners Seek Cert. Against Currency Exchange

Virtual Coin Owners Seek Cert. Against Currency Exchange
19 Jul
11:49

Law360 (July 19, 2018, 3:46 PM EDT) — An investor suing virtual currency exchange Vircurex for allegedly freezing thousands of accounts due to impending insolvency asked a Colorado federal court on Wednesday for class certification.

Timothy Shaw said the estimated 2,000 members of the proposed class have overlapping questions such as whether Vircurex breached its contract or unjustly enriched itself by freezing their funds as well as whether the exchange engaged in fraud by allegedly withholding the money. Shaw further argued Vircurex and the exchange’s creator Andreas Eckert have hidden their identities and location,…

Source: https://www.law360.com/banking/articles/1064785/-virtual-coin-owners-seek-cert-against-currency-exchange

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