Springfield businessman files lawsuit after he says $1.8 million in Bitcoin was stolen

Local News

Correction: An earlier version of this story incorrectly associated Titus Williams with a south Springfield property being developed by his brother, Phil Williams. Although the brothers sometimes do business together, Titus Williams is not a partner in RW Developments LLC or its project on South Campbell Avenue.

SPRINGFIELD, Mo. (News-Leader) — A Springfield real estate businessman has filed a lawsuit against Coinbase Global Inc. and an unnamed suspect after he says $1.8 million of his Bitcoin was stolen overnight.

Titus Williams, president of Prosperiti Partners in Springfield, is mounting a complicated legal battle to recover the funds, which his lawyer said were meant to be used “to build out a piece of property in Missouri.”

During a hearing last week, Williams’ lawyer did not provide specifics about the real estate deal in question.

According to the lawsuit Williams filed March 18 in federal court, Williams spent $1.8 million in late February to purchase a little more than 33 Bitcoins. Bitcoin is a form of virtual currency that is traded online.

The lawsuit says Williams transferred his Bitcoin to a cryptocurrency wallet at Blockchain.com on Feb. 25. But when Williams went to check his virtual wallet the next day, it had been emptied without his authorization.

To read the full article by the Springfield News-Leader, click here.

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