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> Why is crypto.com able to retrieve their funds in this case, but crypto hacks around the world result in customers being told there's no recourse? A business
by 3np 4y ago
> Why is crypto.com able to retrieve their funds in this case, but crypto hacks around the world result in customers being told there's no recourse?
A business mistakenly sending an obviously excessive refund to a customer over a normal wire transfer is not a new phenomenon. There is precedence, courts are familiar with it, and the parties are few and identified. Exchanges getting custodied digital assets stolen is not really comparable from a legal perspective.
(Answering your actual question of "why..", not addressing if this makes sense or is right)
> Doesn't appear crypto.com paid back the $34M that was stolen from customers in the hack a few months back.
They did AFAIK.
> The crypto crowd sure like regulations at the most unexpected times.
What are you referring to here exactly? Who likes what regulation?
- junofan 4y ago> Exchanges getting custodied digital assets stolen is not really comparable from a legal perspective. What’s different? Have talked to a few lawyers about this and still am unclear.