Coinbase Appeals Decision in Cryptsy Collapse Lawsuit

Coinbase is appealing a court decision from earlier this month in a lawsuit filed on behalf of customers of the now-defunct cryptocurrency exchange Cryptsy.
Cryptsy collapsed in early 2015 following months of growing complaints about fund withdrawals. The site was taken offline amid claims of theft and insolvency, though Vernon has denied that he stole millions of dollars worth of user funds.

A class-action lawsuit against Cryptsy and Vernon was filed within days of the exchange's collapse, though the CEO, who is believed to be in China, has not responded in court to the allegations.