Atlanta-based company ordered to pay back cryptocurrency in first-of-its-kind lawsuit
Quote from Master on December 2, 2024, 4:21 pmhttps://youtu.be/t0qA8XAXATA
https://www.wsbtv.com/news/local/atlanta/atlanta-based-company-ordered-pay-back-cryptocurrency-first-of-its-kind-lawsuit/UNZ6HR6RGNF2DPPZMLSVLVGU6I/
ATLANTA — It was the first cryptocurrency exchange in the country. Now customers say when the Atlanta-based company suddenly shut down, it kept their money and their Bitcoin.
That was more than 4 years ago but some customers still do not have their Bitcoin back.
A federal jury in Atlanta ruled in favor of one of those customers in April in one of the first lawsuits of its kind in the country.
The physical address for CampBX was just a P.O. Box in a Roswell UPS store. But its business was online.
For years, more than 70,000 customers traded bitcoin on the Atlanta-based platform.
“In this case, the exchange worked fine for a number of years,” attorney John Richard told Channel 2 investigative reporter Justin Gray.
That was until 2017, when many customers found they could not access their accounts.
In 2018, the Georgia Department of Banking and Finance sent CampBX a cease-and-desist order for engaging in money transactions without a license.
When CampBX did cease operation, customers flooded internet forums saying the exchange would not return their money or bitcoin from their accounts.
ATLANTA — It was the first cryptocurrency exchange in the country. Now customers say when the Atlanta-based company suddenly shut down, it kept their money and their Bitcoin.
That was more than 4 years ago but some customers still do not have their Bitcoin back.
A federal jury in Atlanta ruled in favor of one of those customers in April in one of the first lawsuits of its kind in the country.
The physical address for CampBX was just a P.O. Box in a Roswell UPS store. But its business was online.
For years, more than 70,000 customers traded bitcoin on the Atlanta-based platform.
“In this case, the exchange worked fine for a number of years,” attorney John Richard told Channel 2 investigative reporter Justin Gray.
That was until 2017, when many customers found they could not access their accounts.
In 2018, the Georgia Department of Banking and Finance sent CampBX a cease-and-desist order for engaging in money transactions without a license.
When CampBX did cease operation, customers flooded internet forums saying the exchange would not return their money or bitcoin from their accounts.