Tag: Insolvent

Bitfinex Users Are Eligible To Sue The Company For Their Losses

With the socialized losses initiative being set up by Bitfinex, many people feel this is the best way to keep the exchange afloat. But under Hong Kong law, it is not possible for the company to enforce this decision, ass there is no legal bankruptcy protection. It is still possible to open lawsuits against the company, and even force them to prove their solvency. Failure to do so would allow …
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