Attorney Ordered to Pay $5.2M for Releasing Bitcoin Funds From Escrow

Cointelegraph

Published Aug 13, 2020 09:42PM ET

Updated Aug 13, 2020 11:20PM ET

A federal judge has ruled that a New York attorney is responsible for repaying a crypto investment firm after he prematurely released escrow funds set aside for buying $5 million in Bitcoin.

According to an Aug. 13 report on Law360, U.S. District Judge Alison J. Nathan confirmed that attorney Aaron Etra is on the hook for $4.6 million to the San Francisco-based investment firm Benthos Master Fund. The total judgment was for $5.255 million, plus accruing interest.

Continue Reading on Coin Telegraph