{"id":710,"date":"2016-05-04T00:00:00","date_gmt":"2016-05-04T04:00:00","guid":{"rendered":"https:\/\/www.silvermillerlaw.com\/media-coverage\/court-freezes-bitcoin-exchangeos-assets-appoints-receiver\/"},"modified":"2023-06-14T12:35:53","modified_gmt":"2023-06-14T12:35:53","slug":"court-freezes-bitcoin-exchangeos-assets-appoints-receiver","status":"publish","type":"news_posts","link":"https:\/\/www.silvermillerlaw.com\/press\/in-the-news\/court-freezes-bitcoin-exchangeos-assets-appoints-receiver\/","title":{"rendered":"Court Freezes Bitcoin Exchange’s Assets, Appoints Receiver"},"content":{"rendered":"
David Silver Quote:<\/strong><\/p>\n \nMy clients have no access to any of their accounts. The lawsuit has to be certified as a class action suit before the court can determine who will be entitled to recovered funds.<\/strong>\n<\/p><\/blockquote>\n A federal court has appointed a receiver for Cryptsy, the cryptocurrency exchange that claims to have lost $5 million in funds to theft. In response to the lawsuit by Cryptsy clients seeking to recover their funds, the U.S. District Court Southern District of Florida appointed James D. Sallah, Esq. as the receiver and given him control of Cryptsy\u2019s assets.<\/p>\n The court has taken possession of Cryptsy\u2019s assets, \u201cof whatever kind and wherever situated.\u201d All powers of the company\u2019s agents, employees, officers and directors are suspended.<\/p>\n The court assigned the receiver in response to a suit by Brandeon Leidel, Michael Wilson and \u201call others similarly situated,\u201d a group that has also sued to halt the sale of a property that the defendants bought in Delray Beach, Florida.<\/p>\n