A court has ruled that a man who lost CHF 143,000 which he invested in a bitcoin fund should have carried out better due diligence and it’s his fault.
His initial claim was closed by the public prosecutor. They say they can’t identify the perpetrators and there’s a lack of evidence.
He appealed.
But judges say he was reckless. A simple Google search would have shown the company is already on watch list in the UK and in Switzerland, the regulator FINMA has red flagged it.
There are seven criminal proceedings against the company in Switzerland – all the information is publicly available.
The unlucky investor could still take his case to the Federal Court.
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