Court Ruled in Favor of Bank Leumi
The Tel Aviv district court reportedly ruled last week against Israeli bitcoin exchange Bits of Gold in favor of Bank Leumi, the country’s second largest bank by total assets.
The case was brought to court by the Tel Aviv-based exchange after it was denied service by the bank. The proceedings followed an incident in which the bank claimed “hackers broke into its accounts in order to send funds from the bank to buy bitcoins,” it told the court. Bits of Gold assisted the bank with the investigations but there was no indication that it was involved in any way, the court learned.
Nonetheless, Bank Leumi told the court that its own cybersecurity issues warranted cause to stop offering banking services to the exchange.
Full: https://news.bitcoin.com/banks-deny-service-bitcoin-businesses-israel/