Main page News, Bitcoin, Hacker Attack

World's largest manufacturer of ASIC chips for bitcoin mining, Bitmain has filed suit against an anonymous thief in a US federal court, according to the complaint submitted to the U.S. District Court, Western District of Washington at Seattle.

As it was stated in a complaint, the unidentified thief has stolen 617 bitcoins from an account that it holds at crypto exchange binance, and is seeking a jury trial for damages estimated as more than $5.5 million dollars. Thus, the as-yet-to-be-identified John Doe stole the bitcoin holdings on April 22, 2018, from its account.

Bitmain claims that the thief used the bitcoin in its binance wallet to buy another token called MANA at a price that was far above the going market rate. At the same time, the attacker created a sell order with their existing MANA wallet, allowing them to trade Bitmain’s BTC for their MANA at a correspondingly inflated price.

According to documents, the lawsuit is claiming that the Washington court has jurisdiction over the matter based on the Computer Fraud and Abuse Act, the Washington Cybercrime Act, and other computer fraud laws.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.