Cryptocurrency transfers governed by 1978 law

Relying on the Electronic Funds Transfer Act, a law that predates cryptocurrencies, five customers of Uphold HQ, a company that provides digital money services, sued Uphold after hackers emptied their online accounts. The complaint alleged that Uphold violated EFTA by failing to properly identify customers earlier. issue one-time passwords to access the account; refuse to issue provisional credits and refunds; and failure to provide telephone number and address to report unauthorized transfers. Confirm requested ruling on…