The cryptocurrency world was rocked Thursday by the announcement of a huge lawsuit that was launched by United American Corp. (UAC) against a large number of Bitcoin Cash BCH supporters.
Bitmain, its co-founder Jihan Wu, along with his “team of conspirators” including Bitcoin.com CEO Roger Ver, ABC lead developer Amaury Sechet, Kraken and its CEO, Jesse Powell, will have a lot to answer for. On Thursday, a lawsuit was filed before the U.S. District Court for the Southern District of Florida accusing the group of fraud and market manipulation.
Several exchanges are being targeted by New York Attorney General Eric Schneiderman in a new inquiry, a move that Kraken co-founder Jesse Powell described as “insulting.”
While there has been a pullback in the past couple of weeks, cryptocurrencies will soon witness another growth spurt.
