CoinBase Settles Bitcoin Asset Freeze Dispute

Fibo Quantum

Law360, London (September 10, 2019, 5:33 PM BST) — Digital currency exchange Coinbase has reached an undisclosed settlement to exit litigation launched in London after hackers stole £1.2 million ($1.48 million) in bitcoin, ending a case that has provided crucial clarity on the cryptocurrency’s legal status.

Coinbase U.K. Ltd. and its affiliate CB Payments Ltd. struck the deal with Liam Robertson, a victim of a so-called spear phishing email attack, according to an Aug. 30 order by a High Court judge discontinuing the litigation.

Attorneys for Robertson and a representative for Coinbase did not immediately return a request for comment on Tuesday.

The settlement follows a landmark order in July…

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