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Sarcuni et al v. bZx DAO et al
Case Number:
3:22-cv-00618
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
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July 20, 2022
Crypto Software Developer Wants Suit Over $55M Hack Axed
A developer of cryptocurrency transaction software and a website operator have asked a California federal court to toss a proposed class action over the operation's security after hackers stole $55 million, arguing they did not operate the software at the time of the hack and do not owe any duty of care to software users.
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May 03, 2022
Crypto Investors Sue Over $55M Theft In Phishing Scam
Users of a cryptocurrency protocol have launched a proposed class action against the protocol's co-founders, investors and several other associated entities, alleging the investors' funds disappeared after one of the protocol's developers fell for a phishing scam, allowing hackers to exploit the operations' lax security measures and drain $55 million from its accounts.