4 Tech News

News relevant to Tech, Economics and Law

Bitcoin Miner Sphere 3D Sues Gryphon Digital Mining

Bitcoin miner Sphere 3D announced it filed litigation to sue its business partner Gryphon Digital Mining. They allege to have lost $500,000 worth of Bitcoin due to a spoofing attack.

The lawsuit suggests Gryphon CEO Rob Chang had transferred 18 Bitcoin to a scammer who posed as Sphere 3D’s CFO in January. Sphere 3D also claims that an additional eight Bitcoin was lost in a similar manner just a few days later.

They make further allegations that Gryphon provided poor services to its partner and lied about the Bitcoin miner’s computing power in public disclosures.

Leave a Reply

Your email address will not be published. Required fields are marked *