Roger Ver and Bitcoin.com under a threat of a lawsuit

More than 600 users have gathered to file a lawsuit against Roger Ver and his Bitcoin.com for fraud
27 April 2018   986

The usual simmering scandal around Roger Ver's Bitcoin.com portal just got a lot more complicated. Now more than six hundred people have already gathered under the flag of a lawsuit against Ver's questionable actions.

First of all, Bitcoin.com, strangely enough, is owned by a Bitcoin Cash activist Roger Ver. And the whole layout and content of the site is, it seems, aimed at misleading people new to the crypto world, that Bitcoin Cash is, in fact “real Bitcoin” - from the placement of Bitcoin Cash above Bitcoin, to the non-existent monikers or color differentioation of BCH and BTC respectfully on the “Buy Bitcoin” page. But the most glaring insult to the community is that on the aforementioned page of Ver's site BTC somehow became “Bitcoin Core”, which is, in fact, just the name of the client app, not the currency itself. And Bitcoin.com is the only site to refer to BTC like that.

Oh, and let's not forget the most recent development – now the site presents BCH as Bitcoin. Throughout the site this change is the most prominent in the block explorer, which now has options of Bitcoin (BCH) and Bitcoin Core (BTC).

All of the above amounts to a serious case of fraud in the eyes of the community. So affected users have gathered in a Telegram group chat and are now planning to file a lawsuit against Bitcoin.com and Roger Ver. Already over 600 people have joined the group, including some notable personalities, such as Charlie Shrem, Richard Heart and Ibrea.org founder Ragnar Lifthrasir, who's long talked about reporting Bitcoin.com's wallet for being a fraud.

Right now the group doesn't disclose what legal steps will be made, just that the talks are on with the lawyers from Caribbean island of St. Kitts, where Bitcoin.com company is registered. The exact steps to be taken are purposefully omitted from the public discussion, because several people directly tied to the site in question have been banned from the chatroom.

Also, a website bitcoincomlawsuit.info was launched today so that all the people who've lost money due to the scheme can join in the lawsuit.

UnitedCorp to File Lawsuit Due to "BCH Manipulations"

Suit is filed against Roger Ver, Kraken and Bitmain
07 December 2018   145

The technology company United American Corp (UnitedCorp) sued Bitmain, Kraken, Bitcoin.com, Roger Ver, and others involved in a “well-planned scheme to take 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 capitalization meltdown of the Bitcoin Cash." 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:

Bitcoin Cash Manipulation Scheme by UnitedCorp
Bitcoin Cash Manipulation Scheme by UnitedCorp

The events described are related to the recent hardfork of 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.

We are bringing this suit on behalf of UnitedCorp because we believe strongly in the value and integrity of democratic, distributed and decentralized blockchain networks which will become more important with time. In order to maintain confidence in cryptocurrencies such as Bitcoin Cash, no person or entity can be allowed to control them.
 

Benoit Laliberte

President, UnitedCorp

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 “Deep Reorg Prevention”. 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.

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.