A US court has dismissed a lawsuit accusing bitcoin cash proponents including Bitmain, Bitmain co-founder Jihan Wu, Kraken, Kraken founder Jesse Powell, and Roger Ver of manipulating the cryptocurrency’s price during a 2018 hard fork that created bitcoin, reported Reuters.
Florida-based tech and blockchain development company United American Corp (UnitedCorp) accused nine defendants of colluding to “hijack” and manipulate bitcoin cash during the 2018 network fork in what could be the first US antitrust case to involve cryptocurrency companies. In addition to Bitmain and Kraken, the suit was filed against Bitcoin ABC developers Amaury Sechet, Shammah Chancellor and Jason Cox.
US Magistrate Judge Chris McAliley of the Southern District Court of Florida, dismissed the case without prejudice, meaning the plaintiff can file an amended version of the case.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and All 50 States Defend $700 Million Consumer Settlement
Apr 18, 2024 by
CPI
Colorado Enacts First Law to Protect Consumer Brainwave Data
Apr 18, 2024 by
CPI
Hong Kong Authorities Crack Down on Bid-Rigging: 20 Arrested in Corruption Sweep
Apr 18, 2024 by
CPI
EU’s Vestager Cautions Against Telecoms Merger Threats to Competition
Apr 18, 2024 by
CPI
EU Regulators Set to Clear Microsoft’s $13B OpenAI Investment
Apr 17, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – China Edition – Year of the Dragon
Apr 16, 2024 by
CPI
Review Logic and Rules for Concentrations of Undertakings that Do Not Meet the Standard of Notification
Apr 16, 2024 by
CPI
China’s Review of Semiconductor Transactions
Apr 16, 2024 by
CPI
Key Challenges and Tips for Merger Control Filing in China for Listed Companies
Apr 16, 2024 by
CPI
Key Point Review: China SPC Antitrust Judgments in 2023
Apr 16, 2024 by
CPI