June 16, 2024

New York court decides to fine $ 13.8 million in bitcoin

New York court decides to fine $ 13.8 million in bitcoin

The corresponding decision was made by the New York Supreme Court. The trust represents those who lost funds inthe result of Ponzi schemes and wallet hacks. The defendant was the organization Bitcoin Voluntary Associations - according to the plaintiff's attorneys, “the same as the Bitcoin crypto enterprise”.

Decision made by court based on recognition of Frank M. Pohoul

He stated that he is a representative of the Bitcoin Voluntary Associations and the full Bitcoin node. In addition, Pohl pleaded guilty to a cryptocurrency network that owes $ 13.8 million to victims.

Trust attorneys intend to recover losses from miners and node operators.

«In their opinion, Bitcoin is an association that is managed. Therefore, everyone who operates the network and receives transaction fees must bear responsibility.

Note that the representative of the trust of victims is a resident of New York Christopher Earl Strunk. Previously, he was held accountable for abuse of legal action.

In 2013, Strunk was fined $ 177 thousandfor trying to expel Barack Obama from the presidential election based on doubts about the candidate’s birthplace. The judge submitted the lawsuit filed by him as far-fetched, irrational and delusional.

Plaintiff's lawyers do not deny that Pohole and Strunkare familiar. This creates a conflict of interest. Fortune believes that any attempt to obtain by court order funds from bitcoin miners or someone else in New York and other jurisdictions will inevitably be easily reflected in court proceedings.

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