$30M in Bitcoin Ordered Returned in Cryptocurrency Class Action

A federal judge has ordered the return of 11,000 bitcoins worth about $30 million in a decision considered the first of its kind.

The ruling by U.S. District Judge Kenneth Marra of the U.S. District Court for the Southern District of Florida stems from a class action in which plaintiffs alleged that the defendant had stolen their money and fled to China.

In today’s cryptocurrency world, however, the legal victory might only be worth the paper it’s printed on.

Published on DailyBusinessReview.com on Aug. 1, 2017.

PDF: 30M in Bitcoin Ordered Returned in Cryptocurrency Class Action _ Daily Business Review

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