U.S. Court Dismisses Lawsuit Against Atomic Wallet
CryptoNewsTerminal Staff10 Sep, 2024
U.S. Court Dismisses Lawsuit Against Atomic Wallet
Atomic Wallet, a popular cryptocurrency wallet provider, has been cleared of wrongdoing in a class-action lawsuit filed against it in the U.S. The lawsuit, which alleged that the company was responsible for a $100 million hack, was dismissed by a U.S. court for lack of jurisdiction. The decision comes as a relief to Atomic Wallet, which had argued that the case did not fall under U.S. jurisdiction. The court agreed, stating that there was "insufficient nexus or connection to the United States to warrant the exercise of subject matter jurisdiction over this case." The dismissal of the lawsuit is a victory for Atomic Wallet and for the cryptocurrency industry as a whole. It is a reminder that U.S. courts are not always the appropriate venue for resolving disputes involving cryptocurrency companies.
