Gryphon Digital wants Sphere 3D’s lawsuit dismissed
Crypto mining company Gryphon Digital is contesting a lawsuit from its former collaborator, Sphere 3D, over a significant bitcoin transfer. Sphere 3D alleged in April that Gryphon Digital CEO Rob Chang transferred 18 bitcoins to an impostor pretending to be Sphere 3D’s CFO. Eight more bitcoins were subsequently transferred to the address, bringing the total loss to 26 bitcoins — roughly $500,000 at that time. Gryphon put assets at risk and “willfully” violated contractual duties, Patricia Trompeter, CEO Sphere 3D, said. According to Cointelegraph, citing court documents submitted on Aug. 18, Gryphon wants the lawsuit dismiss ed and blames Sphere’s “gross negligence” for the incident. “Sphere’s complete and utter lack of care with respect to the safeguarding, security, and control of its technology systems resulted in Gryphon sending over $500,000 worth of bitcoin to the hostile threat actor, which Gryphon has been unable to recover,...