On December 6, 2018, publicly listed American internet services company UnitedCorp filed a lawsuit against Bitcoin Cash proponent Roger Ver, the founder of bitcoin.com, bitcoin mining giant Bitmain and cryptocurrency exchange Kraken for allegedly hijacking Bitcoin Cash network unlawfully for personal benefit.
Questionable Action or Not?
United American Corp has filed the lawsuit in the US District Court for the Southern District of Florida, alleging the trio to colluded and hijack the Bitcoin cash network after November 15, 2018. The company has touted the action as an “effort to centralize the network” which is against the principles and protocol of bitcoin.
The lawsuit asserted it as a “well-planned scheme to take control of the Bitcoin Cash network for personal gain and which caused a global capitalization meltdown of the Bitcoin Cash network at the expense of others.”
The lawsuit requests the court to provide injunctive relief to the aggrieved parties (which includes United Corps) and to prevent the defendants from continuing with their ongoing activities and effectively ban them from carrying out any future illicit activity.
So far, no date has been announced for a trial.
Lead up to the Lawsuit
Recently, one of the most important and divisive hard forks took place which resulted in a split in the bitcoin cash community. On November 15, 2018, Bitcoin Cash split into two: Bitcoin Cash ABC (BCHABC) which was supported by Ver, and Bitcoin Cash Satoshi Vision (BCHSV) which was supported by Craig Wright, who claims to be Satoshi Nakomoto.
Before the hard fork, Ver and Wright had a very public, brutal spat in which Ver read out a letter that he received from the latter, in a YouTube video. In the letter,