The swap was from cellular carrier AT&T, the money was taken from Bittrex, and the hack took control over the victim’s online identity. The victim said that Bittrex violated its own published security protocols and ignored industry standards, missing the chance to stop the high-stakes burglary.
The financial legal examiner concluded that Bittrex did not ‘take reasonable steps to respond’ to the victim’s notice and ‘appears’ to have violated its own terms of service, in a signed letter dated August 30, 2019 provided to CoinDesk by the victim.
Though various legal entities were notified of the hack, they have not yet announced any criminal charges in the case, and as such, the whereabouts of the victim’s Bitcoin are unknown. Bittrex declined to comment specifically about the hack and the court case.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.