Gryphon Digital Seeks Dismissal from Sphere 3D Lawsuit

Gryphon Digital Seeks Dismissal from Sphere 3D Lawsuit



Gryphon Digital is asking to be removed from a legal case initiated by its ex-partner, Sphere 3D, concerning a fraudulent Bitcoin transaction linked to a spoofing attack. Gryphon argues that the mishap was a result of security lapses on Sphere 3D's end.



In the original lawsuit filed in April, Sphere 3D accused Gryphon CEO Rob Chang of transferring 18 BTC in January to an imposter claiming to be Sphere 3D's CFO, under the guise of a spoofing attack. An additional eight Bitcoins were sent to the same fraudulent address shortly after, amounting to a total loss exceeding $500,000 at that time.



Gryphon contends that they are not to blame but are instead victims of Sphere 3D’s "grossly negligent" security practices. These allowed a bad actor to infiltrate Sphere’s computer systems, impersonate them through email, and trick Gryphon into


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#Bitcoin, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #GryphonDigital, #News, #Sphere3D

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