Crypto Confusion Cleared as Nano Responds to BitGrail Claim
Nano Foundation says BitGrail repayments do not close civil claims, as it separates bankruptcy creditors from criminal case claimants.
Nano Foundation has addressed fresh confusion around BitGrail after a repayment claim from Francesco Firano.
The group said bankruptcy repayments do not end separate civil claims linked to the long-running case.
Moreover, the April 27 statement explained who received repayment and why the legal process still continues.
Nano Responds to BitGrail Repayment Claim
Nano Foundation issued its statement after Firano said BitGrail had repaid its debtors.
Many people know Firano as the owner and operator of the former BitGrail exchange. The platform triggered one of Nano’s earliest major crises.
BitGrail held Nano, then known as RaiBlocks, during the early period of the project. Many users lost balances on the exchange after funds were reported missing.
Some users have described the event as “hacked” or “stolen,” while legal claims have continued.
The Foundation said the repayment of bankruptcy creditors does not settle every claim.
It drew a clear line between those creditors and civil claimants in criminal proceedings. That point was central to the April 27 statement.
The group said the matter remains active through legal channels.
It also said the Foundation continues to protect the interests of the wider Nano ecosystem. The statement did not present the repayment claim as the end of the case.
Bankruptcy Creditors and Civil Claimants are Separate
The main issue is the difference between two groups. Bankruptcy creditors are people or parties tied to the BitGrail bankruptcy process.
Civil claimants pursue separate claims linked to criminal proceedings.
Nano Foundation said that distinction matters because the two processes are not the same.
A repayment in one process does not erase claims in another. That message was aimed at reducing confusion among Nano users.
The BitGrail case dates back to February 2018. At that time, large amounts of Nano were reported missing from the exchange.
The event placed pressure on users, the project, and the broader community.
The Foundation has continued to pursue the matter through courts. Supporters have described the approach as patient and measured.
One community response praised “proper legal channels” and “no theatrics, no shortcuts.”
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Community Turns Focus to Fair Distribution Idea
Alongside the legal update, some community members raised a proposed distribution plan for 4.2 million XNO.
The goal is to avoid a market dump and support open price discovery. The plan is described as Nano.Auction.
The proposal suggests a phased auction process. It would use multisig escrow, NanUSD, and Nanswap integration.
A public interface would show the current cutoff price and bidder ranking.
Under the plan, users would bid in NanUSD. Winners would receive XNO at one uniform clearing price per lot.
The system would automatically refund outbid users and return any overpayments. The proposed structure includes about 100 to 150 lots.
Each lot would contain around 25,000 to 40,000 XNO. The full process could run for three to six weeks, based on demand.
The post Crypto Confusion Cleared as Nano Responds to BitGrail Claim appeared first on Live Bitcoin News.
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