NYC Atty On Hook For $5M After Crypto Money Goes Missing

By Andrew Strickler (August 13, 2020, 6:49 PM EDT) -- A New York federal judge on Wednesday entered a $5.2 million judgment against an attorney who blew up a big-ticket bitcoin deal, saying he has "only himself to blame."

In an order confirming an arbitration award, U.S. District Judge Alison J. Nathan agreed that Manhattan attorney Aaron Etra had released some $4.6 million he'd held in escrow for a bitcoin purchase that left the would-be buyer — a San Francisco investment firm — "without any bitcoin."

Judge Nathan also noted Etra failed to show up at the arbitration with the investor, known as Benthos Master Fund Ltd., and only filed a...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!