US federal judge rejects over $ 100 million against atomic wallet over $ 100 million

The allegations against Atomic Wallet

According to the plaintiffs, Atomic Wallet had provided his app in Colorado for download and advertised on platforms such as X (formerly Twitter), which in her opinion should have justified responsibility.

one of the plaintiffs, Graham Dickinson, a resident of Colorado, claimed that he had often communicated from his home in the state with the customer service team from Atomic Wallet.

inadequate evidence

Richter Brimmer rejected the plaintiff's argument that it was unlikely that Atomic Wallet had targeted the market in Colorado, since the products were digital products.

"The type of products that are concerned here - software applications - makes it even less likely that Atomic Wallet has deliberately exploited the market in Colorado," wrote Brimmer in his judgment.

The judge of the District Court Colorado, Philip Brimmer, also decided that there was not enough evidence that Atomic Wallet maintains noteworthy contacts to the state of Colorado. In doing so, he denied the jurisdiction of the court for the company, his CEO Konstantin Gladyshev, the shareholder Pavel Sokolov and Evercode Infinite, the software development company.

While the lawsuit was rejected against most defendants, the judge granted the plaintiffs an additional 21 days to explain why the complaints against Ilia Brusov, shareholder and founder of Evercode Infinite should not be rejected.

The judge's decision is a decisive step in favor of the provider of crypto wallet in view of the continuing legal challenges after the hack.

This victory in court temporarily provides relief, while the company continues to fight with the consequences of the massive security violation.