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After almost a year since the complaint was filed, the civil-action lawsuit against Atomic Wallet has finally concluded.

United States Judge Philip A. Brimmer dismissed the lawsuit against Atomic Wallet, an Estonian crypto wallet platform, ruling that the court lacked jurisdiction over the firms involved.

The complaint was filed by a group of plaintiffs who accused the crypto firm of failing to take necessary measures to protect investors' funds after North Korean hackers allegedly stole crypto assets on June 3, 2023.

The plaintiffs further accused the defendants of being aware of the existing security vulnerabilities in the Atomic Wallet platforms or “precautions to protect user data.”

Additionally, the plaintiffs raised a complaint against UAE-incorporated Evercode Infinite, Atomic Wallet’s CEO Konstantin Gladych and shareholders, Paul Sokolov and Ilya Bere. 

In response to the lawsuit, the defendants sought the court to dismiss the case for the lack of jurisdiction.

While analyzing the lawsuit, the court confirmed that the plaintiffs failed to prove how they had “personal jurisdiction” over Atomic Wallet and other contacts. The Chief Judge Brimmer stated:

“The Court finds that plaintiffs have failed to demonstrate that Atomic Wallet purposefully availed itself of Colorado law and have failed to establish that Atomic Wallet has the minimum contacts with Colorado necessary for personal jurisdiction.” 

Although the case was dismissed, the court said the plaintiffs have 21 days to prove why Illia Brusoc “should not be dismissed from this case.” If the plaintiff is not able to provide the necessary proof, the court will dismiss the claim against Brusoc.