Bitmain sued for $5M over unauthorized mining

posted 20 days ago
Cryptocurrency mining giant Bitmain is facing a class action lawsuit for $5 million that alleges unauthorized crypto mining by the firm. This week a Los Angeles County resident filed the case against both Bitmain’s China and US based entities in the federal court of Northern California, alleging that the firm’s devices use customers’ resources to mine cryptos for its own benefit prior to full setup.

In summary, the complaint said: “Conveniently, Bitmain cashes in on every second it takes to get the ASIC configured with the customers’ specifications and lays the substantial costs of operating the ASIC devices at the feet of its customers.”
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