CoinBase Exits Bitcoin Asset Freeze Dispute

Law360, London (September 10, 2019, 5:33 PM BST) -- Digital currency exchange Coinbase has exited litigation launched in London after hackers stole £1.2 million ($1.48 million) in bitcoin, ending their involvement in case that has provided crucial clarity on the cryptocurrency's legal status.

Coinbase U.K. Ltd. and its affiliate CB Payments Ltd. left litigation launched by Liam Robertson, a victim of a so-called spear-phishing email attack, according to an Aug. 30 order by a High Court judge discontinuing the litigation.

Marc Jones, an attorney for Stewarts Law, said Coinbase was a neutral party in the case and joined as a defendant to comply with its contractual and regulatory obligations

Jones said proceedings were still pending against an...

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