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This settlement is closed!
Please see what other class action settlements you might qualify to claim cash from in our Open Settlements directory!
Coinbase has agreed to pay $962,500 to resolve claims that they aided and abetted the theft of Cryptsy cryptocurrency.
The settlement benefits Cryptsy account owners who held Bitcoin and other cryptocurrencies with the company as of Nov. 1, 2015, and who are unable to access their currencies.
The plaintiffs filed their Cryptsy Coinbase class action lawsuit in December 2016, alleging that Cryptsy stole cryptocurrency from their account holders. The plaintiffs also claimed that Coinbase contributed to the theft of cryptocurrencies.
According to the plaintiffs, Cryptsy founder Paul Vernon stole cryptocurrency from account holders, closed Cryptsy, moved to China, and refused to return the currency to its rightful owners.
Coinbase was accused of aiding and abetting Vernon’s scheme by allowing them to have accounts on their platform. Through these accounts, Vernon was allegedly allowed to convert bitcoin to U.S. dollars.
Although Vernon has reportedly refused to cooperate with this case against his company, Coinbase has agreed to a settlement to resolve the claims against them. The company has not admitted any wrongdoing but will pay $926,500 into a settlement fund.
Payments under the Crypsty Coinbase settlement will vary depending on the number of claims filed with the settlement. However, Class Members have the potential to recover up to 100 percent of their unreimbursed losses or damages.
In order to benefit form the settlement, Class Members must submit a valid claim form by April 13, 2020. The deadline for exclusion and objection is March 13, 2020. The final approval hearing for the Cryptsy Coinbase settlement is scheduled for April 17, 2020.
Consumers who received a payment from the previous Crypsty class action settlement do not have to file a claim. Instead, they will automatically have their claim reviewed and paid using the same submitted information.
Who’s Eligible
Cryptsy account owners who held Bitcoin and other cryptocurrencies with the company as of Nov. 1, 2015 and who are unable to access their currencies.
Potential Award
Varies. Class Members will receive a pro rata portion of the net settlement fund up to 100 percent of any unreimbursed losses or damages.
Proof of Purchase
Proof of holdings (account statement, screen shots, trade verifications, other documentation)
Claim Form
NOTE:Â If you do not qualify for this settlement do NOT file a claim.
Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.
Claim Form Deadline
4/13/2020
Case Name
Leidel, et al. v. Coinbase Inc. d/b/a Global Digital Asset Exchange (GDAX), Case No. 9:16-cv-81992-MARRA, in the U.S. District Court for the Southern District of Florida
Final Hearing
4/17/2020
Settlement Website
Claims Administrator
Coinbase Administrator
1650 Arch Street, Suite 2210
Philadelphia, PA 19103
Info@CoinbaseSettlement.com
(833) 277-8323
Class Counsel
Marc. A Wites
WITES LAW FIRM
David C. Silver
SILVER MILLER LAW
Defense Counsel
Steven A. Ellis
Laura A. Stoll
Galen A. Phillips
GOODWIN PROCTER LLP
J. Randolph Liebler
Andrew Kemp-Gerstel
James R. Liebler
LIEBLER GONZALEZ & PORTUONDO
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19 thoughts onCryptsy Coinbase Class Action Settlement
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Please add me also
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Please add me. I cannot access my account and no way to access my currency
Add me please
I was one of their victims. At the time of the first class action, I wrote to the law firm to request what I could do about it. I was told that as I am not a US citizen, and I live outside of the USA, I could not be part of the claim. Is this still the case? Or do victims outside of the USA have a claim too?
ADD ME
Add me
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Please add me