Over a year after Einstein Exchange closure, Vancouver entrepreneur wins civil suit against founder
The founder of now-defunct cryptocurrency firm Einstein Exchange has been ordered by a BC court to pay $535,000 to a man who sold him bitcoin in 2019.
This court order comes over a year after Einstein Exchange founder Michael Gokturk was sued by Scott Nelson, a Vancouver entrepreneur, in 2019, for breach of contract related to the bitcoin. According to the lawsuit and as reported by CBC News, Gokturk failed to pay Nelson after Nelson sold him 50 bitcoin at an agreed price of $10,700 per bitcoin.
The judgment comes over a year after Gokturk’s firm, Einstein Exchange, folded.
Founder of failed B.C. cryptocurrency exchange ordered to pay $535K for broken bitcoin contract
The founder of a failed B.C. cryptocurrency exchange has been ordered to pay more than half a million to a man who sold him 50 bitcoin in 2019 - despite the fact the missing cryptocurrency is now worth more than $3 million.
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Man who sold 50 Bitcoin to Michael Gokturk wanted the $3 million the cryptocurrency is worth now
Posted: May 07, 2021 3:00 AM PT | Last Updated: May 7
The CBC interviewed Michael Gokturk in 2018, a year before the collapse of the Einstein Exchange. He has been ordered to pay a client $535,000 for breach of contract related to the sale of 50 bitcoin.(Tristan Le Rudulier/CBC)