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Mining Company Sues Roger Ver & Group for BCH Hard Fork Price Manipulation

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The American company Unitedcorp has filed a lawsuit against “bitcoin cash ABC” supporters. The company accuses the supporters of hiring mining power in order to control the bitcoin cash network.

The Bitcoin Cash hard fork that took place several weeks ago resulted in two version of Bitcoin Cash, supported by two opposing parties: the Bitcoin ABC version, which uses the ‘BCH’ ticker symbol; and Bitcoin Cash Satoshi’s Version, which uses the ticker symbol ‘BCHSV.’

The lawsuit claimed that Roger Ver, bitcoin.com, Bitmain, and co-founder Jihan Wu, crypto exchange Kraken and founder Jesse Powell, and Bitcoin ABC developers Amaury Sechet, Shammah Chancellor and Jason Cox centralized bitcoin cash and manipulated the price during its contentious hard fork.

Especially by dedicating mining power in theory assigned to mining the bitcoin blockchain to mining what was then referred to as the Bitcoin ABC chain. 

After the split, supporters of both sides of bitcoin cash have been “fighting” against each other in order to become the biggest “bitcoin cash”.

“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”, Unitedcorp writes in the press release.

“It is clear that’s what supposed to be a democratic process was not, it was hijacked by the ABC camp,” said Lawry Trevor-Deutsch, VP of Corporate Affairs at UnitedCorp to MarketWatch, adding that he thought it was clear that Ver and his allies took control of the network during the upgrade.

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