Home>Business>Atomic Pockets asks to toss go well with over $100M hack saying it has ‘no US ties’

Atomic Pockets asks to toss go well with over $100M hack saying it has ‘no US ties’


The corporate behind Atomic Pockets has requested a United States court docket to dismiss a category motion go well with looking for 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 towards or not it’s filed in its residence 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 as a result of theft and limits damages to $50 per consumer

Atomic’s movement to dismiss the category motion laid towards 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 towards hacking.

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

“This Court docket has repeatedly rejected comparable 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