October 17, 2021

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Thousands of members of the banned crypto platform demand compensation from the Belgian state |  Economie

Thousands of members of the banned crypto platform demand compensation from the Belgian state | Economie

About 18,000 members of the crypto platform Vitae have hired a Belgian lawyer. They are demanding compensation from the Belgian state because they are no longer able to access the platform after investigating the fraud.




At the end of June, the Federal Prosecutor’s Office took Vitae.co and Vitaetoken.io, the social media platform and website behind the cryptocurrency, offline. A large amount of cryptocurrency has also been hacked. A group of Belgians hiding behind Vitay are now suspected of international fraud in the form of a pyramid, in which tens of millions of euros have been collected worldwide. Vitaetoken.io has had over 200,000 users.

The Belgians take the lead

About 18,000 Vitae members are now summoning Belgian lawyer Hans Van de Wal. These include Belgians, Dutch, Germans, French, Vietnamese, Indians, Ghanaians and Swiss. Dozens of them – among them Belgians, Dutch and Germans – are taking the lead.

The lawyer will sue the Belgian state next week because members believe “Vitay was not a fraud system”. Moreover, “they did not lose a single euro before the Belgian judiciary obstructed the system.”

“It’s as if household items were confiscated.”

“I find it strange to note that the property rights of these people are being taken away or restricted on the basis of crimes allegedly committed by other people,” says Mr. Van de Waal. “They themselves are not designated as suspects. It is as if nothing was stolen during a home burglary, but then the entire contents of the victims are confiscated ‘in the interest of the investigation’.

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In mid-September, Mr. Van de Waal sent a notice of default to the Belgian state, but there was no response. That’s why he’s going to sue the state next week.