Winklevoss to Pay $45k to Charlie Shrem

Court of Southern District of New York ruled brothers to compensate Charlie's legal losses
08 February 2019   339

The court of the Southern District of New York decided to take from the founders of the Bitcoin Exchange Gemini Cameron and Tyler Winklevoss $ 45,000 in favor of Charlie Shrem. This is evidenced by a court decision of February 7.

In this amount, Shrem estimated the legal costs incurred in seeking to cancel the freeze of his assets.

Recall that Winklowoss accused Shrem of stealing 5,000 bitcoins, which they haven't received in 2012 during a deal with an entrepreneur.

They were also interested in a number of expensive purchases that the entrepreneur made after his release from prison.

The brothers demanded to block assets in the amount of 5000 BTC on Shrem's accounts. However, the court rejected this requirement, since none of the accounts of the entrepreneur had such a sum.

Cryptopia to Provide New Info Regarding Compensations

The exchange isn't going to refund deposits, sent more than 24 hours after the security breach
25 March 2019   34

The New Zealand cryptocurrency exchange Cryptopia provided additional information regarding the procedure for paying compensation to users who suffered from a hacker attack in January.

According to today's announcement, users who have made deposits to their addresses more than 24 hours after the company reported the incident, that is, after 16/01/2019 12:00AM NZT , will not be able to claim payment in accordance with the previously announced plan.

The Exchange also draws attention to the fact that it currently does not have a specific deadline for returning assets to users to whom such payments are due. Cryptopia addresses are still not available for deposits, so users shouldn't try to transfer funds to them until further notice. After the renewal of deposits, clients of the exchange will need to regenerate the purse addresses for each of the supported cryptocurrencies.

As analysts noted, the funds withdrawal continued even after the official announcement and the start of a police investigation.