RATE Group | Disgruntled Bitcoin Investor Brings $22.5M Class Action Suit to Israeli Bank
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Disgruntled Bitcoin Investor Brings $22.5M Class Action Suit to Israeli Bank

10 Aug Disgruntled Bitcoin Investor Brings $22.5M Class Action Suit to Israeli Bank

Posted at 01:05h in Bitcoin News by

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An unnamed investor has filed a lawsuit against the Israeli Bank Hapoalim in the amount of approximately $22.5 million, on account of the bank allegedly refusing to accept deposits of profits earned via Bitcoin (BTC). 

Industry media outlet BlockTV discussed the lawsuit in a report on Aug. 9. According to the report, the complaint is being filed as a class action suit, and the investor ultimately plans to sue other Israeli banks on the same grounds. 

According to the report, Israeli banks are largely anti-crypto because they wish to avoid being scrutinized in connection with crypto-related firms and individuals. However, the disgruntled investor’s lawyer, Lior Lahav, has said that this is not sufficient grounds for banks to refuse services to cryptocurrency investors. Lahav stated:

“The banks have an obligation under the law to accept money from the clients […] They can check on their clients, do their due diligence, and find out where the money is coming from. The problem…

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