A court in Brazil has ordered the domestic crypto exchange Foxbit and another crypto-related firm to “reimburse” customer who “lost” almost USD 3,000 worth of ethereum (ETH) in a transfer in February 2020.
The investor claims to have transferred the ETH holdings from a wallet on a large international trading platform to a Foxbit account, Globo reported – but an error appears to have occurred, with the customer deciding not to use the recommended network for the transfer.
Foxbit claims that the customer “chose to make” their “cryptocurrency transfer without the use of commonly used security technology,” which it claimed, led to “the loss of the funds.”
The company stated:
“In this case, the consumer chose to make a transfer of cryptoassets from an international exchange to Foxbit without using the main – and most commonly used – blockchain network, commonly used, which caused this loss of funds. Foxbit will appeal the decision.”
Foxbit and another firm named B Fintech Serviços de...
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