NEWSBITCOIN - Suing Bitfinex Could Lose Traders More, Not LessThe exchange has sought to compensate $72 million in stolen funds by replacing 36% of customer balances with its own BFX tokens.
“The BFX tokens will remain outstanding until repaid in full by Bitfinex or exchanged for shares of iFinex Inc,” an update stated August 6.
The move was met with immediate criticism. Now, legal concerns surrounding the nature of the tokens and what traders could do with them – particularly in the US – have been augmented by threats from traders themselves to pursue criminal proceedings against Bitfinex. Securities trading specialist attorney Zach Zweihorn told Reuters.
READ MORE >>>
https://news.bitcoin.com/suing-bitfinex-lose-traders-not-less/