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A court in the State of São Paulo has ordered Coinbase to reimburse users whose funds were stolen from self-custody wallets nearly $100,000.
Svmuu News: A court in the state of São Paulo, Brazil, has ordered Coinbase to refund nearly $100,000 to a user who claimed that funds deposited into the Coinbase wallet had disappeared in unauthorized transactions. Coinbase The company argued that the wallet’s private key was entirely under the user’s control, but failed to prove that the transaction was initiated by the wallet holder or that security measures were in place to prevent such an outcome. The court issued its ruling based on relevant provisions of the Consumer Protection Law and ordered Coinbase to refund the full amount plus statutory interest. (Bitcoin.com News).
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