Italian court forces BitGrail CEO to repay $170M in ‘lost’ cryptocurrency

An Italian judge has reportedly ordered Francesco Firano, founder of shady cryptocurrency exchange BitGrail, to repay the $170 million worth of cryptocurrency that went “missing” early last year. Documents shared by a BitGrail victim advocacy group show Firano, who goes by the moniker “The Bomber,” must declare bankruptcy, forfeit personal assets, and return as much of the stolen digital assets as possible. The docs suggest Firano continuously bungled security matters related to the private keys (cryptocurrency) of BitGrail users, and at one point, had transferred customer funds into wallets under direct BitGrail control. In particular, they noted he had failed to…

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