Security· ★★· bearish·

Dutch court: Coinhouse.eu admins embezzled €125K in client crypto

  • Overijssel court issued its ruling on September 22 over 2018 events
  • At least €125,492.34 in client crypto was embezzled
  • Withdrawals were blocked while deposits remained active
  • Court classified the case as embezzlement, not a blockchain hack
Why it matters: The ruling sets a precedent that centralized platform operators cannot dispose of client assets even when they control the wallets.
Source: Crypto Insiders