RATE Group | Blockchain Bites: Chase Class Action, 30 Words for Censorship and a Bitcoin Bug
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Blockchain Bites: Chase Class Action, 30 Words for Censorship and a Bitcoin Bug

01 Jun Blockchain Bites: Chase Class Action, 30 Words for Censorship and a Bitcoin Bug

Posted at 18:17h in Bitcoin News by

Chase Bank has settled a class action lawsuit brought by defendants who claim the J.P. Morgan subsidiary overcharged credit card fees for crypto purchases.

Meanwhile, a new report shows that a million “timelocked” bitcoin transactions are open to a hypothetical exploit, while CoinKite has unveiled a new way to recharge hardware wallets.

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Chase Class Action
Chase Bank has agreed to repay most of $2.5 million in fees customers say it unfairly charged for cryptocurrency transactions. A subsidiary of JP Morgan Chase, the bank has agreed to settle a class-action lawsuit resulting from the bank’s decision in 2018 to charge higher fees on Chase credit cards that had classified the crypto purchases as “cash advances.”

Timelock Fault
In a new report,…

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