Blockchain

Bittrex Exchange Sued by SIM Swap Victim for Theft.

The SIM swap Victim has Sued Bittrex cryptocurrency exchange for $1 million Bitcoin theft according to a press release published on October 30.

Gregg Bennett claims that the exchange violated or ignored its own security standards and industry-standard practices that allowed hackers to steal nearly $1 million dollars of bitcoin from his account in April.

The suit, filed in King County Superior Court, the actions of the exchange was described as “unfair and deceptive acts that misrepresented its level of security.”

Gregg expressed that Bitrex did not take his issue seriously and resolved it like they should have done adding that “Had Bittrex shown the hackers half of the suspicion they showed me, we wouldn’t be filing this suit”.

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