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What do you think will be the outcome of bitgrail lawsuite?

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by COINS NEWS 77 Views

In the latest blog from the nanofoundation they mentioned that the trial against bitgrail and Francesco Firano, know for quotes such "We have suffered a stolen" will start in october. Bitgrail was one of the largest exchange hacks/abuses in crypto.

What do you think the outcome of the lawsuit will be? Currently 5 million nano is held by the italian court. Do you think people who lost money in bitgrail will get their money back?

Here is the part from the NF blog

"

What will happen to the remaining Ӿ300,000 in the Dev Fund

We do not want to kick-start a countdown so-to-speak of the last Ӿ300,000 which currently equals $188K so you will see the current funds being moved from the publicly available data - these funds have been loaned against over the year as our US bank of Silvergate was shutdown, not allowing us to liquidate with safe compliance and will be used to repay creditors.

It is pertinent to explain that the Bitgrail trial against Firano will begin this October however the Italian Courts are not as speedy as other jurisdictions when it comes to the pace of the trial. The Nano Foundation is deemed a victim of Firano’s crimes and has to produce Expert Witness testimony on the damages Firano caused through reputation and price action. This will cost approximately 15% of the remaining Dev Fund however will allow the Nano Foundation to lay its claim along with other creditors to the bankruptcy funds held by The Court. No part of the remaining Dev Fund has been designated for the trademark suit against Coinbase.

Moving forward in a far more open-source and transparent model, we plan to build a new page on our official website where specific categories can be donated to, if people wish. These categories will include Infrastructure among others while any spend of these public donations will be shared and transparent for all to see, we feel that this will be much more in line with an open-source operating model which is a new model for the NF. The last transaction of the Dev Fund was a donation of Ӿ10 over 2 years ago >"

https://nano.org/en/blog/the-nano-foundation-takes-a-step-forward-on-its-open-source-journey--420eae42

submitted by /u/craly
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