Man Robbed of 16 Bitcoin Sues Young Thieves’ Parents

Summary: In 2018, Andrew Schober lost roughly 16.4 bitcoins, then worth about $1 million, after clicking a Reddit link for a purported wallet app called "Electrum Atom" that bundled clipboard-stealing malware which swapped his copied payment address for one controlled by two U.K. youths. Schober spent over $10,000 on cryptocurrency-tracing investigators, filed suit against the two then-minors and their parents in Colorado in May 2021, and the defendants now argue his claims are time-barred rather than disputing the theft.
What's compelling: The defendants' entire defense is a three-year statute of limitations running from the 2018 theft, while Schober argues the clock only started when his investigators identified the second youth in December 2019 - so recovery of stolen crypto can hinge on how long attribution takes, not on whether the theft happened.

Read the original at Krebs on Security ↗

Topics: Data Breaches
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