The latest allegations against a major player in the nascent world of cryptocurrencies has something in common with past financial scandals: The little guy may end up holding the bag.
In a civil suit filed Aprli 25, New York’s attorney general accused one of the largest Bitcoin exchanges of hiding the loss of about $850 million in client and corporate cash. Multimillion-dollar accounts were protected, sometimes by the use of custodian banks in New York. Smaller investors received less assurance, with their funds sent to firms around the world, according to two people with knowledge of the matter.
The lawsuit ...
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