Home Blockchain News Italian Bankruptcy Court Rules BitGrail CEO is Directly Liable for Millions in Customers’ Losses

Italian Bankruptcy Court Rules BitGrail CEO is Directly Liable for Millions in Customers’ Losses

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BitGrail, a cryptocurrency exchange that was recently the subject of a second class-action lawsuit, has found no relief in an Italian bankruptcy court. According to unverified documents published by a victims group, the Bankruptcy Division of the Court of Florence has ruled that Francesco “The Bomber” Firano is personally liable for losses incurred in the exchange’s early 2018 NANO hack. The court had previously ordered the seizure of BitGrail’s crypto wallets. Now the funds within them have been moved to custodial accounts in order to be redistributed to clients who lost funds. Firano’s personal assets are mostly on the line

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* First published on ccn.com

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