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ShapeShift Accuses Former Employee of Stealing $900K in Bitcoin
The exchange wants damages from Azamat Mukhiddinov, its now-fired senior engineer.
Crypto exchange ShapeShift has sued its former senior engineer in Colorado Federal District Court for damages caused by his alleged theft of $900,000 in bitcoin.
STORY CONTINUES BELOW
- As detailed in the exchange's Wednesday demand for jury trail, Azamat Mukhiddinov allegedly siphoned 90 bitcoin away from his employer via "malicious code and programs" he is accused of having installed on its servers.
- Executives said they discovered the $900,000 hole in the company's balance sheet on May 21 and traced it to Mukhiddinov within days.
- Mukhiddinov has already made the company whole, the company said. He quickly paid it back via wire transfers, cash-packed "duffel bag" handoffs and bitcoin payments, according to the lawsuit.
- ShapeShift now wants Mukhiddinov to pay currently unspecified damages for the time and effort employees spent cleaning the exchange's servers of his bitcoin-stealing code.
See also: ShapeShift Lost $230k in String of Thefts, Report Finds
CORRECTION (August 27, 19:15 UTC): A previous version of this article incorrectly stated that ShapeShift is seeking $5,000 in damages. ShapeShift has not yet specified the amount that it seeks.
Danny Nelson
Danny is CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.
