Superior Court of Justice decides that cryptocurrency platforms are financial institutions and may be required to compensate for damages after fraud; understand
The Fourth Panel of the Superior Court of Justice (STJ) decided that platforms conducting transactions with cryptocurrencies have responsibility and may be required to compensate for damages caused by fraud in operations protected by password and two-factor authentication. The information comes from Agência Brasil.
With this understanding, the panel ruled in favor of a user who transferred 0.0014 units of bitcoin (BTC) through a platform but saw 3.8 BTCs — equivalent to R$ 200 thousand at the time (about R$ 2.264 billion in updated values) — disappear from their account.
