Cryptocurrency Investors Launch Class Action Against Atomic Wallet Over $100 Million Breach
Summary:
A class action lawsuit has been filed against Atomic Wallet by disgruntled cryptocurrency investors seeking to recover $100 million in losses following a major breach in June. The lawsuit, coordinated by German lawyer Max Gutbrod and Boris Feldman from Destra Legal, represents around 50 clients who lost a total of $12 million. Initial reports implicated the North Korean cybercriminal group Lazarus, but new claims suggest the involvement of Ukrainian hacker groups. Despite the breach, Atomic Wallet continued to operate normally. The company has not yet responded to requests for comment.
A class action has been initiated against Atomic Wallet by a group of discontented cryptocurrency investors, seeking to recover losses totaling $100 million from a significant breach in June. According to BNE IntelliNews, the lawsuit includes dozens of high-net-worth investors from Russia and the Commonwealth of Independent States. The legal coordination is being led by German lawyer Max Gutbrod and Boris Feldman, a co-founder of Moscow legaltech firm Destra Legal. Gutbrod claims to represent about 50 clients who collectively lost $12 million due to the breach, and he alleges that Atomic Wallet failed to provide information about the hack or report it to the police. The breach affected over 5,500 crypto accounts on the noncustodial wallet platform and was initially attributed to the North Korean cybercriminal group Lazarus. However, Feldman suggests that Ukrainian hacker groups may be responsible, citing evidence discovered by his firm and blockchain analytics company Match Systems. Despite the hack, Atomic Wallet continued to operate normally, and the company has not yet responded to requests for comment.
Published At
8/23/2023 10:30:50 AM
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