The Nano Foundation has announced it will sponsor a legal fund to provide all victims of the hack of cryptocurrency exchange BitGrail with equal access to representation and pursue their legal interests associated with BitGrail’s insolvency, according to a Nano Foundation blog post April 9.
In February, the Italy-based digital currency exchange BitGrail suffered a loss of one of its hosted tokens, Nano, and afterwards froze trading. The trading platform claimed that 17 mln Nano had been stolen in the hack, amounting to about $187 mln at the time the losses were detected.