Lawsuit against stock exchange Bittrex to crypto-Steal
Lawsuits against Bitcoin exchanges are rarely successful. Bittrex is currently the focus of allegations on the part of a well-known Investor.
Large investors criticized the stock market due to a lack of security
The stock exchange Bittrex has it at the Moment is not necessarily easy. A whole series of headlines in the last few months. For example, the company announced in early summer, a narrowing of the tradable currencies, for customers in the United States. About two weeks ago it was announced that Bittrex customers will not exclude, in about 30 States of its trading model. This happened in connection with the announced change of location to the Principality of Liechtenstein. Now it became known that a large investor should have filed a complaint through his lawyer against the stock market. The accusation weighs quite heavy. Greg Bennett, the Name of the investor, the stock violations of the applicable Standards for customers safety.
High amount of loss due to unauthorized account access
The criticism is quite common, a number of stock exchanges see themselves with such accusations facing. It is supposed to have according to the Investor Bennett to be a “SIM-Swap”attack traded. So the identity has been abused and fraudsters were able to attack the customer’s account. Bitcoins, with a total volume equivalent to almost 1.0 million USD disappeared in this way and a not well-known Wallet transfers have been. The transaction fast and sold the perpetrator the 100 BTC probably be significantly below the current price. Although the stock market has reacted relatively quickly with an account lockout. Overall, however, the Investor is outraged that it could come to this fact. An investigation of the competent complaint authority in the United States runs current reports that already.
Single or precedent: for the safety standards on the rig?
The stock exchange has published neither a denial, nor has it been published by a different press release. Bennett said, however, the authority is, in turn, taken to the knowledge, Bittrex did not provide sufficient protection. The action for damages seems well on the way. In the official PR policy of the company is expressed only in principle, the platform is characterized by a “robust security architecture”. For the plaintiff, in addition to the Consideration in the room, also against the phone provider AT&T in the same case to the courts. Even there, you do not have the necessary care in dealing with customer data taken.
Featured Image: By Piotr Swat | Shutterstock.com
