Sphere Concedes It Will No Longer Seek To Impose Any Liability For Impersonation Of Its CFO
Portfolio Pulse from Benzinga Newsdesk
Sphere 3D Corp. has conceded it will no longer seek to impose liability on Gryphon Digital Mining, Inc. for an incident involving the impersonation of Sphere's CFO. This development is part of ongoing litigation between the two companies.
July 17, 2024 | 12:25 pm
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Sphere 3D Corp. has decided not to pursue liability claims against Gryphon Digital Mining, Inc. for an incident involving the impersonation of Sphere's CFO. This is a positive development for Gryphon as it removes a potential legal burden.
The removal of potential liability from the impersonation incident is a positive development for Gryphon Digital Mining, as it eliminates a legal risk that could have had financial and reputational impacts. This news is likely to be viewed favorably by investors.
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