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.
In addition to having to answer for a number of financial irregularities ahead of its planned initial public offering (IPO), the cryptocurrency mining equipment manufacturer has already been targeted for allegedly stealing the design of a miner.
According to Chinese media outlet 8btc.com, Jihan Wu has stepped down as executive director of the board of the cryptocurrency mining equipment manufacturer.
Multiple sources close to Bitcoin mining manufacturer Bitmain claim that the company is no longer receiving chips from chief supplier Taiwan Semiconductor Manufacturing Company.
