Crypto Software Developer Wants Suit Over $55M Hack Axed

By Sarah Jarvis (July 20, 2022, 7:30 PM EDT) — A developer of cryptocurrency transaction software and a website operator have asked a California federal court to toss a proposed class action over the operation’s security after hackers stole $55 million, arguing they did not operate the software at the time of the hack and do not owe any duty of care to software users.

Leveragebox LLC, bZeroX LLC and their managers Tom Bean and Kyle Kistner — known as the Leveragebox defendants — argued in a Monday memorandum supporting their motion to dismiss that they had nothing to do with the hack and theft “aside from being victimized … themselves.”…

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