Bitcoin Cash ABC proponents Bitmain and Ver sued for alleged hardfork manipulation
Roger Ver, Bitcoin.com, Bitmain and Kraken Bitcoin Exchange have been reportedly sued by United American Corp. (UnitedCorp). According to a press release published on December 6, the Florida-based UnitedCorp has filed a lawsuit against the proponents of Bitcoin Cash ABC [BCHABC], claiming that they engaged in hardfork manipulation during the November hashwar.
UnitedCorp, focuses on the development of telecommunications and information technology, with a recent uptick in their blockchain interest. The 26-year old company holds a portfolio consisting of social media, blockchain, and telecom based patents.
Filed in the District Court of Southern Florida, UnitedCorp accuses the BCHABC proponents of using “unfair means of competition” to change the original BCH network to favor their faction while proving detrimental to the BCH community.
The press release states, “UnitedCorp believes that the defendants colluded to effectively hijack the Bitcoin Cash network after the November 15, 2018 scheduled software update with the intent of centralizing the network – all in violation of the accepted standards and protocols associated with Bitcoin since its inception.”
The talk within the crypto-community for the better part of November was the Bitcoin Cash hardfork which was scheduled for November 15. Two rival factions emerged, differing on their vision for BCH, with one faction advocating a mild increase to the blocksize, Bitcoin Cash ABC backed by the defendants and the other pushing for a “radical change,” Bitcoin Cash SV, backed by nChain’s Craig Wright and Calvin Ayre.
A hash ware ensued following the hardfork which saw Bitcoin Cash ABC emerge victorious. UnitedCorp states that “rented hashing” was used by the BCHABC side to take control of the coin’s network, which led to the adoption of BCHABC rule sets, preventing other additions.
Furthermore, UnitedCorp alleges that 5 days later on November 20, by way of a “Deep Reorg Prevention,” the accused’s development team put a “poison pill” into the blockchain, to gain control of the blockchain ledger.
At the moment, UnitedCorp demands injunctive relief against the defendants to so that any further actions against the BCH networks are prevented. A compensatory amount for the damages is also stated in the press release, however, the amount will be determined at the time of the trial.
“In order to maintain confidence in cryptocurrencies such as Bitcoin Cash, no person or entity can be allowed to control them,” concluded Benoit Laliberte, the President of UnitedCorp.
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