Atomic Wallet asks to toss suit over $100M hack saying it has ‘no US ties’


Related articles

The corporate behind Atomic Pockets has requested a United States court docket to dismiss a category motion go well with in search of damages from a $100 million hack arguing the claims ought to’ve been filed in Estonia the place it is based mostly.

In a Nov. 16 dismissal movement in a Colorado District Court docket the Estonian agency argued it has “no U.S. ties” and its end-user license settlement required all litigation in opposition to it’s filed in its dwelling nation of Estonia.

Atomic additionally argued that just one consumer in Colorado was allegedly affected — which wasn

The agency additionally claimed the 5,500 allegedly affected Atomic customers agreed to its phrases of service which expressly disclaims legal responsibility for losses resulting from theft and limits damages to $50 per consumer

Atomic’s movement to dismiss the category motion laid in opposition to them. Supply: PACER

Atomic mentioned the plaintiff’s negligence claims additionally lack authorized benefit as a result of a authorized responsibility was by no means created during which they had been to keep up Atomic Pockets’s safety and to guard in opposition to hacking.

Associated: Crypto exchange Upbit targeted by hackers 159K times in H1: Report

“This Court docket has repeatedly rejected related claims as a result of Colorado acknowledges no such responsibility,” it wrote.

Allegations of fraudulent misrepresentation had been additionally struck down by the Estonian-based pockets supplier.

The plaintiffs launched the class action in August, two months after a $100 million exploit on Atomic Wallet took place with as much as 5,500 customers affected — with each North Korean and Ukrainian teams blamed for the assault.

Journal: Should crypto projects ever negotiate with hackers? Probably