530 Ether [ETH] accidentally transferred in Copytrack ICO should be returned to startup, says Supreme Court

in #ethereum5 years ago

Singapore-based blockchain startup, Copytrack avoided a major setback after the Supreme Court of British Columbia ruled in their favor over a lawsuit involving an accidental transfer of 530 Ether tokens [ETH] to an investor.

The incident had occurred following the startup’s ICO when Brian Wall, a cryptocurrency trader, was credited with 530 ETH instead of Copytrack’s token [CPY], which had only a fraction of ETH’s value.

At the time of the incident, 530 ETH was valued at $391,000 but later reduced in value to around $121,000.

Initially, Wall refused to return the tokens but later agreed. However, the matter was further complicated when Wall’s Ethereum wallet was accessed by unidentified hackers, who illegally stole the funds.
https://ambcrypto.com/530-ether-eth-accidentally-transferred-in-copytrack-ico-should-be-returned-to-startup-court/
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