- Katena Computing accused of elaborate deception
- They tried to sell non-existent equipment
- The company tried to pull off the scheme during the conclusion of the contract for $150 million
- Coinmint managed to post a pledge of $ 23 million
Cryptocurrency mining company Coinmint filed lawsuit against chipmaker Katena Computing and partner DX Corr. The miner said in a statement that the fraudulent companies orchestrated an “elaborate deception.” Its essence was to convince Coinmint to make a deal to buy non-existent equipment.
According to the scammers’ plan, Katena incentivized the miner to purchase equipment worth a total of $150 million. In the lawsuit, Coinmint seeks “actual, compensatory and consequential damages, including but not limited to the $23 million” it paid for the sale, as well as punitive and punitive damages.
In response to this lawsuit, a spokesperson for Katena stated:
“Katena Computing is committed to a transparent and informed discussion of this dispute, but is required to respect the arbitration process and its confidentiality. When there is an opportunity for more open communication, we will certainly take advantage of it.”
Another partner firm, DX Corr, filed a motion to dismiss the lawsuit back in early May. They said that Coinmint did not sufficiently substantiate the allegations against them.