July 20, 2022
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.
May 03, 2022
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.