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Author Topic: [2015-11-20] Insurer Denies Fault in BitPay Security Breach Lawsuit  (Read 164 times)
ChrisPop
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November 21, 2015, 03:00:37 PM
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Insurer Denies Fault in BitPay Security Breach Lawsuit

"An insurance company sued by industry startup BitPay following a claim dispute has fired back, denying the bitcoin payment processor's allegations in a new court filing."

"BitPay originally filed suit against Massachusetts Bay Insurance Co (MBIC) months after it lost 5,000 BTC (then valued at roughly $1.8m) following a phishing attack. The company later alleged breach of contract and bad faith in a suit filed against MBIC."

http://www.coindesk.com/insurer-lawsuit-bitpay-security-breach/

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