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Bitgrail's founder contributed to $150M loss, Italian authorities allege

Published 12/21/2020, 09:28 AM
Updated 12/21/2020, 11:00 AM
Bitgrail's founder contributed to $150M loss, Italian authorities allege

Italian authorities have found Bitgrail’s founder responsible for fraudulent activity related to the 2018 hack of the platform that resulte in the loss of $150 million.

Francesco Firano, the sole director of now-defunct cryptocurrency exchange Bitgrail, is accused of taking over customer funds prior to reporting the theft of crypto from the exchange.

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