Fri, May 20, 2022
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Na investor in the meme-inspired cryptocurrency Shiba Inu ($SHIB) has filed a lawsuit against leading cryptocurrency exchange Binance in a bid to get it to return him 6.7 billion SHIB he lost after being hacked, According to local cryptocurrency news outlet Livecoins , the Brazilian cryptocurrency trader was hacked back in December 2021, At the time, he has 22.7 billion SHIB, which would now be worth over $271,000, custodied on MetaMask, The trader was hacked but did not reveal how the incident occurred.
Binance’s support team seemingly agreed to lock the account, but no funds have been returned, prompting the trader to sue Binance so they could recover the 6.7 billion SHIB.
Binance appealed the case in a bid to halt the court from blocking one of its wallets, arguing that it has no relationship with MetaMask and that the investor’s failure came after being hacked while holding funds in a MetaMask wallet.
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