According to the company’s statement, based on the user agreement and the place of incorporation of Atomic Systems, the consideration of a class action lawsuit related to the theft of $100 million by a hacker should take place in Estonia.
The requirement is based on the fact that the Estonian company “has no ties to the United States,” and its end-user license agreement stipulates that all legal claims against the company can only be filed at the place of registration.
Atomic Systems also drew the court’s attention to the fact that users’ claims for compensation for cryptoassets allegedly lost due to negligence have no legal force.
“The user agreement does not contain legal responsibility, according to which the crypto firm undertakes to maintain the security of Atomic Wallet and protect it from hacking. Previously, all 5,500 Atomic users allegedly affected by the hack agreed to the terms of service. “They have waived claims for possible damages due to the theft of crypto assets, and the amount of compensation limited to Atomic Systems’ liability is $50 per user,” the company said in a statement.
The lawsuit was filed in August, two months after the Atomic Wallet exploit, which allegedly affected up to 5,500 users. Analysts attribute the incident to North Korean and Ukrainian hacking groups.
Source: Bits
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