Compass Mining sued for losing Bitcoin mining machines bought by customers

Compass Mining sued for losing Bitcoin mining machines bought by customers


Customers are suing Compass Mining for over $2 million, alleging fraud, after the company cut ties with Russian hosting company Bit River and failed to return customers’ Bitcoin machines, citing a non-applicable United States sanction as the reason.

According to a court document filed on Jan. 17, Compass Mining issued a notice in April 2022 that it has terminated its “relationships and dealings with Bit River” due to the sanctions imposed by Executive Order 14024.

It is alleged that Compass “did not offer” to return or even retrieve the assets that its customers entrusted the company with to host at Bit River’s facilities in Russia.

Trending: How America’s FBI Is Starting to Look An Awful Lot Like the KGB

However, it was stated that it is “false” that the return of the mining machines would be in violation of Executive Order 14024,

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend