i found some court filings that detail one man's attempt to use the courts to force #Tether and other #cryptocurrency companies to give him back $3 million that was stolen from him.

spoiler: it didn't go well. the crypto companies used their standard defense of "#blockchain is open source so not our problem lol".

not only did he have to chase the crypto companies through multiple jurisdictions (#singapore, british virgin islands, etc), in the end i don't think he got any of his money back from the (probably) #Russian criminals who stole it.

https://threadreaderapp.com/thread/1940193361702637989.html

#BVI #moneylaundering #USDT #kucoin #binance #Tether #pexpay #whitebit #stablecoin #ransomware #addresspoisoning #scams #fraud #russia #iran #gold #FixedFloat

$26 Million in BTC and ETH Stolen on FixedFloat Cryptocurrency Exchange Platform: https://www.reviewspace.info/26-million-in-btc-and-eth-stolen-on-fixedfloat-cryptocurrency-exchange-platform

#FixedFloat #DecentralizedExchange #Cryptocurrency #SecurityBreach #Cybersecurity #OnlineSecurity #WalletDrainerAttack #Ethereum #Bitcoin #TechNews

#Hackers steal $26 million from #FixedFloat, laundering funds and exploiting vulnerabilities. #CryptoNews

Officer CIA identifies theft, reveals hacker tactics, FixedFloat confirms hack, halts services for security enhancements.
https://coinpedia.org/news/hackers-drain-26-million-worth-of-crypto-from-fixedfloat-exchange/