Software developer

Crypto Software Developer Wants Over $55 Million Suit Hacked

By Sarah Jarvis (July 20, 2022, 7:30 p.m. EDT) – A cryptocurrency trading software developer and website operator have petitioned a federal court in California to launch a proposed class action lawsuit over the security of the operation after hackers stole $55 million, arguing they were not operating the software at the time of the hack and have no duty of care to users of the software.

Leveragebox LLC, bZeroX LLC and their managers Tom Bean and Kyle Kistner – known as the Leveragebox defendants – argued in a Monday memorandum supporting their motion to dismiss that they had nothing to do with the hacking and theft. “apart from being victims…themselves”. …

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