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SIM-Swap Victim Sues Crypto Exchange Bittrex for $1M Bitcoin Theft

Published 11/04/2019, 12:05 PM
Updated 11/04/2019, 01:41 PM
SIM-Swap Victim Sues Crypto Exchange Bittrex for $1M Bitcoin Theft
BTC/USD
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Gregg Bennett, a SIM-swap hack victim and angel investor, sued cryptocurrency exchange Bittrex over allegedly allowing the theft of nearly $1 million in Bitcoin (BTC).

According to a press release published on Oct. 30, Bennett believes the exchange violated its own security standards and allowed hackers to steal his cryptocurrency in April. The lawsuit, filed in King County Superior Court, suggests that the exchange committed “unfair and deceptive acts that misrepresented its level of security."

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