Settlement Structure: Claims Made
Closed Settlement Statement:
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.
This settlement resolves a class action against Coinbase, Inc. that was related to a previous class action against Cryptsy and its founder, Paul Vernon. The Cryptsy case claimed that Vernon had stolen the cryptocurrencies of Cryptsy accountholders. This case alleged that Coinbase aided and abetted Cryptsy’s unlawful actions by permitting Cryptsy and Vernon to have accounts and by failing in its duties of due diligence.Docket Number:
Company: Coinbase Inc.
Filing Deadline: April 13, 2020
Class Period: November 1, 2015
Objection Deadline: March 13, 2020
Exclusion Deadline: March 13, 2020
Final Approval Hearing: April 17, 2020Proof of Purchase:
If your claim was approved in the Cryptsy case, you do not need to do anything. If your claim was rejected, you must submit a claim form with new or additional evidence. If you did not submit a claim in that case, you must submit a claim form to participate in this case.Eligibility:
You may be eligible if you were an individual who was a Cryptsy account owner, who held Bitcoin, other alternative cryptocurrencies, or any other form of money or currency at Cryptsy as of November 1, 2015, and who is unable to access their cryptocurrency.Typical Settlement Amount:
Varies, based on the market value of the cryptocurrencies as determined in the Cryptsy case. Class members will receive a share of the net settlement fund in proportion to their part of the total valid claims, up to 100% of the value of their losses.
Total Settlement Amount: $962,500Class Representative Proposed Incentive Fee:
Wites Law Firm
Case Name: Leidel, et al. v. Coinbase, Inc. d/b/a Global Digital Asset Exchange (GDAX)
Settlement Website: Coinbase Case Related to Cryptsy Case Settlement Website
1650 Arch Street, Suite 2210
Philadelphia, PA 19103