$5 Million Lawsuit Claims Bitmain Mined at Expense of U.S. Customers10.37

Gor Gevorkyan, a Los Angeles resident, has filed a lawsuit against Bitmain for allegedly mining cryptocurrency at his expense. The class action claims that bitcoin mining giant had redesigned its ASIC devices “to mine crypto currency for the benefit of itself rather than its customers who purchase the products”.

Defendant Bitmain Technologies is headquartered in Beijing, China, but the Northern California court has jurisdiction over this action because of the amount the plaintiff seeks in damages, which exceeds $5 million, exclusive of interests, fees, and costs.

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