---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-061939"
form_type: "8-K"
ticker: "ABTC"
cik: "0001755953"
company_name: "American Bitcoin Corp."
filed_at: "2024-07-17T23:59:59+00:00"
generated_at: "2026-05-31T20:15:44.055909+00:00"
event_type: "litigation"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sphere 3D drops liability claim against Gryphon in Bitcoin impersonation incident; Gryphon seeks $45M in damages

## Summary
- Sphere conceded in court on June 27, 2024 it will not seek liability against Gryphon for 26 BTC transferred due to impersonation of Sphere's CFO.
- Third-party forensic investigation found no breach of Gryphon's internal security systems.
- Gryphon continues to pursue a $45M damages claim against Sphere for breach of the MSA.
- Litigation is in early discovery stage; Gryphon is represented by Hogan Lovells.
- Gryphon remains independently certified 100% renewable bitcoin miner.

## SEC filing metadata
- accession: 0001213900-24-061939
- form_type: 8-K
- ticker: ABTC
- cik: 0001755953
- company_name: American Bitcoin Corp.
- filed_at: 2024-07-17T23:59:59+00:00
- event_type: litigation
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1755953/000121390024061939/0001213900-24-061939-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1755953/000121390024061939/ea0209543-8k_gryphon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-061939
- JSON: https://secwatch.observer/filing/0001213900-24-061939.json
- Plain text: https://secwatch.observer/filing/0001213900-24-061939.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.