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Lawsuit Accuses Xapo, Indodax of Negligently Holding Stolen Bitcoin

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A crypto trader is trying to seize nearly 500 bitcoin from Xapo and Indodax through a new lawsuit that accuses the two crypto exchanges of harboring his stolen funds.

Plaintiff Dennis Nowak, a German resident, and his counsel, longtime crypto lawyer David Silver, filed their demand for jury trial Monday in the U.S. District Court for the Northern District of California. They alleged the exchanges aided and abetted an unnamed thief who they claimed stole 500 bitcoin from Nowak and the exchanges remain in possession of the funds. 

The suit accused Xapo and Indodax of aiding and abetting ...

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