Bitcoin Forum
October 21, 2016, 11:46:14 PM *
News: Latest stable version of Bitcoin Core: 0.13.0  [Torrent].
   Home   Help Search Donate Login Register  
Pages: [1]
Author Topic: Lawsuit over bank's responsibility for credential theft. Customer lost.  (Read 663 times)
Full Member
Offline Offline

Activity: 125

View Profile
July 03, 2011, 02:15:12 AM

I'm surprised I haven't seen this discussed here but there was a lawsuit recently where a customer's stolen credentials were used to transfer large sums of money from a bank.

The bank refused to cover the customer's losses so the customer sued and lost.

Short version:

Its possible there will be more of a move toward this in the industry.

One of the complaints about bitcoin has been that unlike a bank when your money is stolen you have no recourse.

If this case starts to set a wider precedent that could no longer be a valid argument.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Sr. Member
Offline Offline

Activity: 280

View Profile
July 03, 2011, 02:48:14 AM

Nice find! Too bad it happend just BEFORE allinvain lost his 500k and all of our bad press broke.

Had it of happened just after, it might have quelled the barbarians at the gates.
Pages: [1]
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!