On Thursday, a lawsuit was filed in Florida’s Southern District against a group of cryptocurrency heavyweights alleging intentional fraud and market manipulation surrounding the recent Bitcoin Cash BCH update.
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.
The exchange, which is backed by Bitcoin.com’s Roger Ver, called out BCHSV after the network upgrade, accusing it of not being a viable option, as it had no known replay protection and no support from major block explorers.
A study by Group-IB and CryptoIns has classified cryptocurrency exchanges by insurance risk, finding Kraken to be the most secure.
Binance, Kraken and Gate.io have been referred to the state’s Department of Financial Services, after claiming to not be operating in the state as reason for declining participation in the survey sent out last April to 13 cryptoexchanges.
Cryptocurrency exchange Kraken has denied rumors that it is shutting down its operations in Halifax, Canada, in response to an alleged security breach.
After being accused of manipulation, Kraken turned the table on Bloomberg, saying their FUD article was suspiciously released on the end of the Q2 for trading—when several futures contracts expire.
Red flags have been raised yet again concerning 'stablecoin' Tether. This time, analysts have issued warnings against a potential double-spend bug as well as a possible case of price manipulation.
The U.S. Commodity Futures Trading Commission has contacted several cryptocurrency exchanges, ordering them to turn over trading data.
HitBTC, a Hong Kong based cryptocurrency exchange, will no longer be offering its services to people in Japan.
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.”
