California businessman and cryptocurrency trader, Skye Bonow, has decided to file suit against the world’s #1 altcoin exchange, Cryptsy, after having his own personal computer compromised.
In court documents filed yesterday in the 15th Judicial Court of Florida, Silver Law Firm alleges that Cryptsy violated the state’s Deceptive and Unfair Trade Practices Act by failing to provide critical information regarding security risks and customer fund management protocols.
Cryptsy founder, Paul Vernon, in a blog post today called the charges baseless and believes the timing of the news is part of a carefully orchestrated PR campaign aimed at a financial settlement.
He encouraged the site’s 300,000+ users to keep their computers safe at all times and provided several security tips.
"In this case the attack on the user making the claim came from within their own computer. This is currently one of the most common attacks by hackers. While we try to educate our users on how to secure their local environment, we ultimately have no control of a user's computer system."
Bonow, according to the court filing, lost 140 BTC in January after his exchange account was drained through a series of internal transfers and cryptocurrency trades, made by the hacker, on the Cryptsy trading platform. At the time of the loss, the bitcoins were valued at approximately $112,000.00.
Apparently, the plaintiff was previously unaware that passwords stored on personal computers can be used by hackers to access financial records and online trading accounts.
Full Story: http://altcoinpress.com/2014/10/california-man-has-computer-hacked-then-blames-crypto-exchange/
