Irregular Bitcoin transactions are behind the lawsuit between the companies that at one time considered merging.
“Today we filed litigation against Gryphon, the custodial management services provider of our blockchain and cryptocurrency-related services, for materially breaching the Master Services Agreement we entered into with Gryphon,"Patricia Trompeter, CEO Sphere 3D in a statement for investors, adding that"Gryphon has put the Company’s assets at significant risk and willfully violated their contractual duties.
In a spoofing attack, an attacker attempts to trick a system or a user into believing that they are someone else through falsifying data, such as IP addresses, email headers, or user credentials to gain access to a system, steal sensitive information, or launch further attacks. "While we cannot comment on pending litigation, we are confident that our impending response to the complaint - and the documents and other evidence that will come to light in the aftermath - will speak for themselves."
. Trompeter noted that the filing demonstrates that"we will not be bullied or threatened by the likes of Gryphon." The executive stated:
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