Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»Atomic Wallet seeks dismissal of $100 million hacking lawsuit citing lack of ties to U.S.
TRADING NEWS

Atomic Wallet seeks dismissal of $100 million hacking lawsuit citing lack of ties to U.S.

By Crypto FlexsDecember 4, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Atomic Wallet seeks dismissal of 0 million hacking lawsuit citing lack of ties to U.S.
Share
Facebook Twitter LinkedIn Pinterest Email

Estonia-based Atomic Wallet requests dismissal of class action lawsuit

The Estonia-based company Atomic Wallet (1) has filed a motion to dismiss a class action lawsuit seeking $100 million in damages resulting from the hack. Atomic Wallet argues that the lawsuit must be filed in Estonia, where the company is based, because it has “no ties to the United States.”

Jurisdiction Objection and Terms of Service

Atomic Wallet’s dismissal motion highlights that its end-user license agreement explicitly requires that any lawsuits against the company be brought in Estonia. The company claims that the majority of users allegedly affected do not live in the United States, and that there is only one plaintiff in Colorado, where the lawsuit was filed.

Disclaimers and Restrictions

The Estonia-based company claims that a total of 5,500 affected users agreed to its terms of service disclaiming liability for losses resulting from the theft and limiting damages to $50 per user. Atomic Wallet argues that there is no established legal duty to maintain security and protect against hacking, and that Colorado law does not recognize such a duty.

false misrepresentation

Plaintiff’s claims of fraudulent misrepresentation were also disputed by Atomic Wallet, emphasizing that the claims lacked legal merit. The class action lawsuit was launched in August, two months after Atomic Wallet’s $100 million exploit that affected up to 5,500 users.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Why experts say that 99%of the traders are wrong

September 4, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025
Add A Comment

Comments are closed.

Recent Posts

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

ChainUp Named Double Finalist At Thomson Reuters’ ALB Pan-Asian Regulatory Awards 2025

September 4, 2025

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025
Most Popular

Nvidia Inc’s $3 billion market cap triggered a selloff in AI Cryptos.

June 10, 2024

Revolving Games and Animoca Brands Partner to Develop Scalable Node Network

August 5, 2024

AI solutions transform healthcare scheduling amid staffing challenges.

June 8, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.