Atomic Wallet requests a U.S. court to dismiss the class action lawsuit regarding the $100 million hacking incident

2023-11-20 14:49:46
Collection

ChainCatcher news, according to Cointelegraph, the parent company of Atomic Wallet has requested a U.S. court to dismiss a class-action lawsuit seeking compensation for a $100 million hacking incident, arguing that these claims should be filed in Estonia, where its headquarters is located.

In a motion to dismiss filed on November 16 in a Colorado district court, the Estonian company argued that it "has nothing to do with the U.S." and that its end-user license agreement requires all lawsuits against the company to be filed in Estonia.

Atomic also argued that only one user in Colorado was allegedly affected, and that 5,500 users who were supposedly impacted agreed to its terms of service, which explicitly deny losses due to theft and limit damages to $50 per user.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
ChainCatcher Building the Web3 world with innovators