A senior researcher at nChain, Craig Wright, believes that Poloniex has broken the law by opening trading on Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV) coins before the planned for November 15 hardforka of this cryptocurrency.
Earlier this week, Poloniex announced that it would support both Bitcoin Cash chains, which may appear after the upcoming hard forks. Despite the fact that there are still a few days left until the chain is likely to split, the exchange has already launched trading with the corresponding coins.
According to Craig Wright, Poloniex actually offers speculative short sales prohibited by US law.
@Poloniex
Criminal offense in the US …The lawyer and the carcass dry.
– Dr Craig S Wright (@ProfFaustus) November 10, 2018
"You understand that speculative short sales are a criminal offense in the US … When you lose, we will come to you with lawyers and take your body," he wrote on Twitter on Saturday.
The US Securities and Exchange Commission (SEC) prohibited the practice of speculative short sales after the 2008 financial crisis, although it assumes that in some cases there may be exceptions to the rules.
If we consider the Poloniex proposal from a technical point of view, the exchange has launched trading in assets that actually do not exist yet, so the Wright argument may well turn out to be wealthy.
Note that over the past 24 hours, BCHSV (a Bitcoin SV client coin that supports Craig Wright) has gone up by more than 30% on Poloniex, while an asset corresponding to a Bitcoin ABC client has fallen in price by more than 5%.
Earlier this week, Craig Wright’s technical competence questioned Bitcoin.com’s CEO and one of Bitcoin Cash’s main supporters, Roger Ver.
Follow BlockchainJournal on Twitter !
BlockchainJournal.news
