A law firm representing affected cryptocurrency holders has filed a class action lawsuit against hardware wallet maker Ledger and the Shopify trading platform over a data breach last year.
As a result of the leak, the data of more than 273,000 Ledger clients were made publicly available on the Internet. Subsequently, holders of cryptocurrencies, whose names and addresses were on the list, reported receiving threats. Ledger and Shopify linked the leak to employee malice. There was no information in the leak that would allow access to the wallets.
Affected clients began discussing the possibility of filing a class action lawsuit shortly after news of the incident emerged. However, the Roche Freedman lawsuit filed in a San Francisco court on April 6 was the first of its kind. Previously, this firm has already noted claims against such representatives of the cryptocurrency business as Binance, Tron and Bitfinex.
“We have been investigating since the day the information about the leak appeared, including talking with experts in cybersecurity and cryptocurrencies,” said Roche Freedman.
Ledger declined to comment on the situation, only noting:
“We would like to remind our customers, once again, that they should never reveal a 24-word phrase and always need to verify the identity of the recipient of the transaction. You have sole and complete control over your assets. ”
The main issue in the proceedings is who should be held liable. Lawyers argue that Ledger, as part of its obligations to customers, had to make sure that Shopify was safe.
“Working in the cryptocurrency space, Ledger takes a position between users’ assets and potential hackers. Customer anonymity is a key and obvious element of the security of the Ledger offering, ”the lawsuit says.
The company also said Ledger and Shopify would have to explain “why it took them so long to notify customers of such a horrific and extremely malicious incident.” Roche Freedman estimates the damage to Ledger customers at more than $ 5 million and cites two users who lost 4.2 BTC, 11 ETH and 150,000 XLM together due to phishing. At the current exchange rate, the value of these assets is $ 340,000, but was significantly lower at the time of the attack.
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