Sphere 3D files lawsuit against Gryphon Digital Mining after BTC transfer
Cointelegraph
Published Apr 08, 2023 02:41PM ET
Updated Apr 09, 2023 04:40PM ET
Crypto miner Sphere 3D has filed a lawsuit against its partner Gryphon Digital Mining after an alleged spoofing attack led to the irregular transfer of Bitcoin (BTC), according to court documents on April 7.
“Today we filed litigation against Gryphon, the custodial management services provider of our blockchain and cryptocurrency-related services, for materially breaching the Master Services Agreement (“MSA”) we entered into with Gryphon,” said Patricia Trompeter, the CEO of Sphere 3D, in a statement for investors, adding that “Gryphon has put the Company’s assets at significant risk and willfully violated their contractual duties.”
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Written By: Cointelegraph
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