Atomic Wallet asks to toss suit over $100M hack saying it has ‘no US ties’
The business behind Atomic Wallet has asked a United States court to dismiss a class action match seeking damages from a $100 million hack arguing the claims mustve been filed in Estonia where its based.In a Nov. 16 dismissal motion in a Colorado District Court the Estonian company argued it has “no U.S. ties” and its end-user license agreement required all litigation against it be filed in its home nation of Estonia.Atomic also argued that just one user in Colorado was apparently impacted– which wasnThe firm likewise declared the 5,500 supposedly affected Atomic users agreed to its regards to service which expressly disclaims liability for losses due to theft and limits damages to $50 per user Atomics motion to dismiss the class action laid versus them. Source: PACERAtomic said the plaintiffs carelessness claims also lack legal merit because a legal task was never developed in which they were to maintain Atomic Wallets security and to protect versus hacking. Related: Crypto exchange Upbit targeted by hackers 159K times in H1: Report “This Court has repeatedly declined similar claims since Colorado acknowledges no such responsibility,” it wrote.Allegations of deceitful misrepresentation were likewise struck down by the Estonian-based wallet provider.The plaintiffs released the class action in August, 2 months after a $100 million make use of on Atomic Wallet took place with approximately 5,500 users impacted– with both North Korean and Ukrainian groups blamed for the attack.Magazine: Should crypto projects ever work out with hackers? Most likely