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Justice for the masses—the real battle for BSV
The BSV Claims Limited collective proceeding against four digital asset exchanges that delisted the BSV token in April 2019 has been certified and will proceed to trial in the United Kingdom. In June, a hearing was conducted at London’s Competition Appeal Tribunal (CAT) in the collective proceedings—basically, the U.K. equivalent of a class action lawsuit—filed in August 2022 by BSV Claims Limited under the command of Lord Currie of Marylebone, a venerated consumer rights warrior and the CAT’s founding chairman. The suit accuses four digital asset exchanges—Binance, Bittylicious, Kraken and Shapeshift—of violating the Competition Act 1998 through their collective delisting...
HSBC Australia Says Crypto’s Popularity with Scammers is Reason for Recent Block
HSBC Australia halts outbound payments to cryptocurrency exchanges, effective 24 July 2024. The bank cites scam-related losses and the irreversible nature of crypto transactions as reasons. Despite crypto’s use in crime, cash remains the preferred method for criminal transactions. As reported earlier, HSBC Australia has stopped customers from sending money to cryptocurrency exchanges. The sweeping change was made without prior notice and came as a surprise to customers. The bank said customers could still withdraw funds from crypto exchanges to HSBC bank accounts but anything vice versa is now being blocked from 24 July 2024 onward. Customers received an email...
MT. Gox Creditors Faces Issues on Kraken and Bitstamp
Finally, after a decade of waiting, creditors of the Mt. Gox Mt. Gox [email protected] Centralised Exchange crypto exchange are starting to receive their lost funds. While the crypto community sees this as a positive step, many creditors face significant obstacles in claiming their repayments. Let’s explore the issues they encounter and who is responsible. Unclaimed Funds Despite Transfers Data from Arkham Intelligence Arkham Intelligence Crypto intelligence shows that Kraken received 48,641 BTC two weeks ago, intended for Mt. Gox creditors who have been waiting for a decade. Despite Kraken receiving the funds from the trustee, these funds have yet to...
