Pay attention on Dec 10th: After almost 3 years, NANO will finally be free of the stain known as Bitgrail.

Those of us who have been around for the last 4 years or longer remember the revolutionary idea of NANO (formerly known as RaiBlocks) and how quickly it gained a following for its fast, feeless, green, protocol.Many of us also remember the craziness of the last bull run and the chaos that followed the Bitgrail exchange insolvency (“we have suffered a stolen”).The matter of Bitgrail will—after almost 3 years—finally be finished soon.After Italian investigators and courts determined that the infamous owner of Bitgrail was at fault, all of his assets and Bitgrail’s remaining funds were collected and the matter of identifying and reimbursing user claimants who lost their funds was underway.It may be weird timing with the current price rises but in approximately 2 weeks, on Dec 10th, the Italian courts will hold hearings with the trustees to finalize the bankruptcy procedure to return the recovered funds.The ongoing litigations and drawn out bankruptcy proceedings related to Bitgrail were inextricably linked to NANO. Well, this will all finally be behind us soon.The ongoing bankruptcy hearings and other legal proceedings may have been the reason why some of the largest exchanges (Coinbase/Gemini) have avoided listing NANO despite showing huge interest in the project before the Bitgrail fiasco.This may be the rebirth of NANO.

Submitted November 24, 2020 at 04:46PM