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Investors Suing Cryptsy CEO Certified as Class

A group of investors alleging the CEO of a Delray Beach-based digital currency exchange absconded to China with $8 million dollars in clients’ money now have class certification to pursue their suit.

Former clients say businessman Paul Vernon fled the country with millions stolen from Cryptsy, an exchange that traded Bitcoin and other digital currencies. They received class certification after Vernon and Cryptsy failed to answer the lawsuit. They also successfully petitioned for a court-appointed trustee to track down Cryptsy’s holdings after Vernon reportedly shredded company files.

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