UnitedCorp sues Bitmain, Kraken and Roger Vera for “bitcoin cash manipulation”

The technology company United American Corp (UnitedCorp) sued Bitmain, Kraken, Bitcoin.com, Roger Vera, and others involved in a “well-planned scheme to seize control of the Bitcoin Cash network.” This is reported on the website of the corporation.

Representatives of UnitedCorp argue that the actions of the defendants caused the "global collapse of Bitcoin Cash capitalization." These actions, the company believes, were aimed at enriching the above market participants to the detriment of others.

The company’s website also contains a diagram of the actions of the above market participants:

The events described are related to the recent hardfork Bitcoin Cash , as a result of which the network of this cryptocurrency split into two competing chains. After hardfork, according to UnitedCorp, the companies and individuals in the lawsuit took control of Bitcoin Cash, violating "the rules of consensus specified in the whitepaper of Nakamoto, creating significant uncertainty and undermining the credibility of the network."

“UnitedCorp is confident that the respondents conspired to effectively capture the Bitcoin Cash network after the software update scheduled for November 15,” the press release said.

At the same time, the company is convinced that these actions were aimed at centralizing the BCH network. Also, UnitedCorp claims that on November 20, the Bitcoin ABC development team introduced the “poison pill” into the blockchain. It was presented as “countermeasures for deep reorganization ”. These actions, confident in the company, were, in fact, aimed at strengthening control over the network and its future updates.

UnitedCorp requires a court order prohibiting defendants from engaging in future activities that harm the Bitcoin Cash network. In addition, the company intends to receive compensation for damages, the amount of which will be established in court.

It should be noted that Bitcoin SV, a cryptoactive asset that emerged as a result of hard forks, came in fifth in the CoinMarketCap market capitalization rating :

As you can see, the rate of Bitcoin SV is growing despite the general decline in the market. Over the past 24 hours, the price of BSV has increased by 21%, and the asset capitalization has approached $ 2 billion.

At the same time, the main competitor of BSV – Bitcoin Cash – has fallen by 16.5% in the last 24 hours, having consolidated on the 7th line of the rating.

Recall that one of the incentives for the steady growth of Bitcoin SV was the statement of its developers about their own roadmap and rejection of claims to the original Bitcoin Cash chain.

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