BITCOIN $5 million worth Bitcoin [BTC] stolen from Bitmain’s Binance custodial wallet; transferred to Bittrex

Bitmain, one of the largest Bitcoin mining company and the biggest ASIC chip producer in the world, has requested a jury trial at the United States District Court Western District of Washington at Seattle. This is in correlation with the Bitcoin [BTC] funds stolen from Bitmain’s Binance wallet.

According to the lawsuit, over 617 BTC [approximately] was stolen from the wallet in April 2018, when the price of Bitcoin was close to $8,935. The mining company has not yet identified the perpetrator, and addressed the hacker as John Doe in the lawsuit.

The Bitcoin mining company has alleged the hacker of purposely and intentionally accessing “a protected computer without authorization”, with the intention of gaining access to Bitmain’s Binance wallet. This action has resulted in the company incurring a loss of over $5 million.