US Court Dismisses Lawsuit Against Atomic Wallet in $100 Million Hack Case
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
A federal judge in Colorado has dismissed a class-action lawsuit against Atomic Wallet, an Estonian-based cryptocurrency firm, due to insufficient grounds for jurisdiction.
The lawsuit was filed by a group of users who lost funds in a June 2023 $100 million hack targeting the self-custody wallet provider.
Despite the dismissal, Atomic Wallet still faces ongoing challenges as affected users continue their efforts to recover lost funds and explore additional legal avenues.
On September 10, Judge Philip Brimmer of the Colorado District Court ruled that the plaintiffs had failed to establish a strong enough connection between Atomic Wallet and the state of Colorado to justify the court’s jurisdiction.
The case was brought against Atomic Wallet, its CEO Konstantin Gladyshev, shareholder Pavel Sokolov, and Evercode Infinite, the software development company behind the wallet.
The plaintiffs argued that Atomic Wallet’s presence in Colorado was established through the availability of its app for download in the state and advertisements on social media platforms like X (formerly Twitter).
One plaintiff, Colorado resident Graham Dickinson, also cited his regular interactions with Atomic Wallet’s customer support as evidence of the company’s ties to Colorado.
However, Judge Brimmer dismissed these claims, noting that Atomic Wallet’s digital products did not imply a deliberate targeting of Colorado residents.
He emphasized that, unlike physical goods that require shipment to a specific location, software can be accessed globally without the
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