About 50 crypto investors from Russia and CIS countries are launching action against hacked noncustodial wallet Atomic Wallet.
A group of disgruntled cryptocurrency investors have launched a class action against Atomic Wallet, which suffered a major breach and $100 million in losses in June.
Dozens of high-net worth investors from Russia and the Commonwealth of Independent States are part of the class action against Atomic Wallet, the German business media agency bne IntelliNewsThe lawsuit is being coordinated by German lawyer Max Gutbrod and Boris Feldman, a co-founder of Moscow legaltech firm Destra Legal.
Gutbrod, former partner of over two decades at Baker & McKenzie in Moscow, reportedly claimed that the lawyers are representing about 50 clients who lost a total of $12 million in the aftermath of Atomic Wallet’s breach two months ago. He said: “We are working on recovering the assets for our clients and we will be filing a class action against Atomic Wallet [...] They didn’t give our clients any information about the hack or go to the police to report it.”
Atomic Wallet, the noncustodial cryptocurrency wallet, suffered a massive $100 million exploit in mid-June 2023. The breach
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