A summary of the claim, being brought in the Competition Appeal Tribunal on behalf of an estimated 240,000 UK investors in Bitcoin SV (BSV), is now listed on the CAT tribunal website BSV Claim CAT website.
On September 21, Kraken announced a ‘leadership succession plan’ that will see Jesse Powell quit the CEO position to make room for David Ripley, the company’s COO for the past six years.
Driven by immense changes in the Bitcoin culture and the proliferation of "woke activism," Jesse Powell steps down as Kraken CEO to pursue more productive stuff, like advocating for the industry.
South Korean authorities issued an Interpol red notice against Kwon last week concerning the failed DeFi project, claiming he had fled to Singapore.
The Kraken exchange boss joins a chorus of other so-called ‘crypto’ advocates in condemning the sanctions against Tornado Cash, saying that "people have a right to financial privacy."
For ‘crypto’ insiders, one’s opinion on Bitcoin SV (BSV) appears less based on the technology’s merits than on how closely one is linked to Roger Ver.
Early last week, a U.K. collective proceedings order was filed against Binance, Kraken, Shapeshift, and Bittylicious in response to the 2019 delisting of BSV.
The collective proceedings order accuses the exchanges of colluding to delist BSV without good reason, reducing, preventing, and distorting competition in the United Kingdom as a result.
Nearly £10 billion class action lawsuit was filed this week in the United Kingdom against Binance, Kraken, Bittylicious, and Shapeshift over collectively delisting the BSV in 2019.
The claim alleges that beginning in April 2019, BSV holders in the United Kingdom suffered losses estimated up to £9.9 billion as a result of the delisting of BSV by exchanges Binance, Bittylicious, Kraken and Shapeshift.
A £9.9 billion class action lawsuit has been filed against Binance, Bittylicious, Kraken and Shapeshift on behalf of BSV investors over the exchanges’ collective delisting of the digital asset.
U.S. authorities are reportedly investigating Kraken due to suspicions that the controversial digital currency exchange has violated economic sanctions against Iran.
