The aftermath of the tumultuous Bitcoin Cash hard fork has hit the courts after Florida-based United American Corp. filed a suit against some of the biggest names in the cryptocurrency market, accusing them of manipulation of the Bitcoin Cash network during and after the Nov. 15 hard fork.
According to a press release, Unitedcorp UAMA, -18.20% alleges that parties including Bitmain, Bitcoin.com, Roger Ver and the Kraken exchange engaged in “unfair methods of competition” that were detrimental to UnitedCorp and other stakeholders.
“We are bringing this suit on behalf of UnitedCorp because we believe strongly in the value and integrity of democratic, distributed and decentralized blockchain networks which will become more important with time,” said Benoit Laliberte, president of UnitedCorp, in a press release. “In order to maintain confidence in cryptocurrencies such as Bitcoin Cash, no person or entity can be allowed to control them.” Read more
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