{"id":712,"date":"2016-01-14T00:00:00","date_gmt":"2016-01-14T05:00:00","guid":{"rendered":"https:\/\/www.silvermillerlaw.com\/media-coverage\/class-action-lawsuit-filed-against-digital-currency\/"},"modified":"2023-06-14T12:25:48","modified_gmt":"2023-06-14T12:25:48","slug":"class-action-lawsuit-filed-against-digital-currency","status":"publish","type":"news_posts","link":"https:\/\/www.silvermillerlaw.com\/press\/in-the-news\/class-action-lawsuit-filed-against-digital-currency\/","title":{"rendered":"Class Action Lawsuit Filed Against Digital Currency"},"content":{"rendered":"

David Silver Quote:<\/strong><\/p>\n

\nAs a FinCEN member, you have certain obligations, and those obligations require you to communicate with your customers. And here, customers don’t know why they are being denied access to their money.<\/strong>\n<\/p><\/blockquote>\n

Two Florida law firms have filed a class action lawsuit in US district court against digital currency exchange Cryptsy and its CEO, Paul Vernon.<\/p>\n

Filed in the US District Court for the Southern District of Florida on 13th January, the case alleges negligence, unjust enrichment, conversion and violation of\u00a0Florida\u2019s Deceptive and Unfair Trade Practices Act<\/a>.\u00a0The lawsuit was filed by Jinyao Liu, a Cryptsy customer based in Virginia.<\/p>\n

Liu, in addition to other members of the class, is being represented by\u00a0Wites & Kapetan, PA<\/a>\u00a0and\u00a0the Silver Law Group<\/a>, the latter of which filed suit in state court on behalf of a Cryptsy customer\u00a0last year<\/a>. That case was later settled, according to the firm.<\/p>\n

Attorney David Silver told CoinDesk that the new suit grew out of a growing number of complaints that his firm received regarding withdrawals.<\/p>\n

In interview, Silver highlighted that Cryptsy is registered with the Financial Crimes Enforcement Network (FinCEN), arguing that the exchange needs to be forthcoming with its customers about site issues.<\/p>\n

Read the rest of the article.<\/a><\/p>\n","protected":false},"featured_media":1769,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news_categories":[],"class_list":["post-712","news_posts","type-news_posts","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\nClass Action Lawsuit Filed Against Digital Currency - SilverMillerLaw.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silvermillerlaw.com\/press\/in-the-news\/class-action-lawsuit-filed-against-digital-currency\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Class Action Lawsuit Filed Against Digital Currency - SilverMillerLaw.com\" \/>\n<meta property=\"og:description\" content=\"David Silver Quote: As a FinCEN member, you have certain obligations, and those obligations require you to communicate with your customers. 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