A US federal judge dismissed the Atomic Wallet class-action lawsuit due to lack of jurisdiction.
The judge granted plaintiffs an extra 21 days to strengthen the case.
A federal judge in the United States has dismissed a class-action lawsuit against Atomic Wallet, an Estonian-based crypto firm. Philip Brimmer, a judge in the Colorado district court, agreed, concluding there were insufficient grounds for the U.S. court to handle the case.
Following a $100 million hack in June 2023, a group of users alleged that Atomic Wallet CEO Konstantin Gladyshev, shareholder Pavel Sokolov, and Evercode Infinite, the company that developed the wallet software, were liable for their losses. The hack affected approximately 5,500 users, who reportedly lost significant amounts of their cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Dogecoin (DOGE).
In November 2023, Atomic Wallet sought to have the case dismissed, arguing that it had “no US ties.” Moreov
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