7 ms·
Given that Circle is based in the US and subject to US court rulings, more likely they would need to freeze and hold those assets pending any potential lawsuits
by ac29 5y ago
Given that Circle is based in the US and subject to US court rulings, more likely they would need to freeze and hold those assets pending any potential lawsuits to recover funds.
- Scoundreller 5y agoIf there’s a statute of limitations, they’d eventually be free and clear, no?
- ac29 5y agoIn other situations where a company is unable to return a customer's money or property to them, they don't magically get to keep it, statute of limitations or no. Where I live, they would have to give the money to the state office of unclaimed property, eventually. However, I'm not a lawyer and I imagine this is likely more complicated than that.
- elliekelly 5y agoIt would eventually escheat to the state, not Circle.