Bitfinex to file lawsuit against critics

Bitfinex has hired the law firm to file lawsuit against critics
05 December 2017   485

Bitfinex has hired the law firm of Steptoe & Johnson and is threatening legal action against a blogger who has made false claims about the bitcoin exchange.

To date, every claim made by these bad actors has been patently false and made simply to agitate the cryptocurrency ecosystem. As a result, Bitfinex has decided to assert all of its legal rights and remedies against this agitator and his associates.


Stuart Hoegner

The in-house counsel for Bitfinex

The blogger Bitfinex'ed, the most popular critic of Binfinex, said the exchange has knowingly filed unjustified lawsuits that had no intent on completing, referring to an example of Bitfinex's lawsuit against Wells Fargo, which was withdrawn in April.

Recently, Bitfinex’ed accused Bitfinex of close ties to Tether, saying that Tether is issuing more tethers that it can redeem and issuing them to fund margin trading in Binfinex, thereby artificially pumping up the price of bitcoin. He or she has also stated that Bitfinex allowed and benefited from wash trading on the exchange, and that it misled customers and investors on other matters.

However, Bitfinex did not specify who exactly it might sue, on what grounds, or in which jurisdiction.

First real-life cryptocurrency robbery reported in Taiwan

Four men stole 5 million Taiwanese dollar worth of Bitcoin, the police has already arrested the suspects
22 February 2018   57

Bitcoin has attracted lots of unwanted attention from hackers and scammers alike. Recently not a week passes without news of an exchange or user being hacked or some company's computers being hijacked to mine cryptocurrency. And now Taiwanese news outlets report first real-life robbery of Bitcoin in their country.

The robbery took place in Taichung, Taiwan's central city. The police reports three men being involved in the robbery itself and one as a planner. Criminals persuaded the victim to meet with them face-to-face under the guise of being interested in buying Bitcoin from him. After the victim showed the robbers the proof of his bitcoins on his phone, the men attacked him and his friend and transferred 18 bitcoins worth 5 million Taiwanese dollar via the phone wallet.

The suspects then forced the unfortunate seller to drink strong local liquor to make everything look like a drunken fight had taken place. The police arrived at the scene after receiving the reports of a fight and found two victims. Two of the offenders had fled, but the third has been arrested at the scene of the crime. He later provided investigation with information about his accomplices. They were arrested soon after.

The police later apprehended the man believed to be the mastermind behind the plan. All this was released in the yesterday's report by the Taiwanese law enforcement and the case is already viewed as “the first domestic case of bitcoin robbery”. The report doesn't mention if the crypto was returned to the rightful owner.

Similar cases has been rumored to happen in the US, but no records are released as of yet. So the unofficial governmental advice is to be more cautious of the buyers requesting face to face meetings in the light of this event.