Coinbase summons the Cryptsy case

The continuing legal debate between the clients of the already defunct Cryptsy exchange and its representatives affected one of the largest crypto-currency companies. Former clients of the exchange said in a complaint made in December last year that the Cryptsy exchange and its CEO Paul Vernon had laundered millions of dollars through Coinbase, which also participated in the theft of their funds.
The main argument of the deceived customers was the fact that Coinbase, a service operating in more than 30 states, should have known that about 8.3 million dollars, which Vernon claimed were part of Cryptsy's profits and his own assets, came from dubious sources.
What happened

Cryptsy, formerly one of the largest stock exchanges of the Altcoyins, collapsed at the end of 2015 after a long troubled period in its work. Trading operations were completely stopped in January 2016 and within a few days the exchange announced bankruptcy.
Shortly thereafter, a group suit against the stock exchange was filed in Florida. The court appointed representative in the spring of 2016 took control of Cryptsy's assets and began work on a settlement agreement between the users of the exchange and Vernon's former wife, also a defendant in the fraud case.
Vernon categorically denies that he stole millions of dollars from users of the exchange.
The situation for today

Coinbase has so far refused to comment on the current situation. However, it became known that the company tried to solve the case through arbitration, referring to the user agreements that Vernon signed when he and Cryptsy started cooperating with Coinbase.
However, in a June 1 court order, Judge Kenneth Marra stopped this attempt by Coinbase, noting that users of the Cryptsy exchange are not burdened by agreements signed by Vernon. Lawyer David Silver (David Silver), one of the lawyers representing users, said:
"We believe that users of Cryptsy, who did not sign an agreement with Coinbase, have the right to meet with Coinbase in court and entrust their fate to the jury," he said. "We are very pleased that the court agreed with us and that the case will be examined in front of the public."
He also said that Cryptsy users have been waiting for the outcome of this case for several years already, stressing that the price of bitcoin has increased significantly during this time.
What will happen next
The judge's decision hinders any attempts to solve the case outside the court, creating conditions for open investigation.
Group claim of users against the exchange Crypsty, the outcome of which should be the return of all remaining funds, also moved from the deadlock.
According to Silver, a team of lawyers working with a group suit is now preparing to transfer to users the first part of the stolen funds recovered from the property of Vernon's ex-wife. This process, in his opinion, will take several months. Meanwhile, the case against Cryptsy will be considered in parallel with the lawsuit against Coinbase.
"We will fight to the last," says Silver.
source https://bits.media