$80 Million Bitcoin Theft Case Reversed: Exchange Sued for "Failure to Freeze Stolen Funds" Returns to Court

2025-12-03 23:20:17

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[Crypto World] On December 4, a major breakthrough occurred in a case involving the theft of $80 million worth of Bitcoin. On Wednesday, the Third District Court of Appeal in Florida overturned the initial trial verdict, allowing fraud victims to refile a lawsuit against a leading crypto exchange in state court.

The core issue in this case is that the exchange is accused of failing to continuously freeze the stolen funds. The trial court had originally dismissed the lawsuit on the grounds of “lack of personal jurisdiction” over the platform, but the appellate court found this determination to be erroneous.

This case could have a far-reaching impact on the industry—when user assets are stolen on a platform, how much responsibility should exchanges bear? Are the platform’s fund-freezing measures sufficient? With the litigation set to resume, these questions may soon receive clearer legal answers.

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DancingCandles

· 20h ago

Wow, the exchange is getting sued again... This time it really seems unavoidable.

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ILCollector

· 12-03 23:46

Exchanges are now being sued for failing to freeze funds effectively. It's about time these platforms were regulated.

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LostBetweenChains

· 12-03 23:24

$80 million, and the exchange couldn't even freeze it—this is truly unbelievable. --- Really? The platform is this bad? How are there still people daring to keep their coins on exchanges? --- Finally, a court that understands what's going on. Let's see how the exchange tries to shift the blame this time. --- The key point remains: if your coins are on an exchange, they're not really your coins. Self-custody or not? --- Waiting for the verdict—if the exchange is actually ordered to pay compensation, the whole industry landscape will change.

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ImpermanentPhilosopher

· 12-03 23:22

$80 million, and the exchange still wants to shift the blame—unbelievable. The platform should take responsibility when it's due, stop playing those legal loophole games all the time. Well, this is getting interesting, let's wait and see what happens next.

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PensionDestroyer

· 12-03 23:21

Haha, what a twist, the exchange has to go to court again. --- 80 million... This freeze measure really needs to be closely monitored, otherwise who would dare keep their coins on an exchange? --- Finally, someone is standing up for the victims. This ruling reversal is beautiful. --- Waiting to see how the exchange tries to shift the blame. I bet there will be more shady moves. --- To put it simply, the platform needs to take responsibility. If you can't freeze the funds, don't charge fees. --- Now that this case is trending, other exchanges are panicking. The rules will have to change. --- An 80 million major case, and this time the court is clearly siding with the victims. --- That's the problem—if the platform is one second late freezing the funds, the money is gone. Who's responsible?

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