Coalition Says Bitcoin Cash 'Hijack' Claims Again Fall Short
Law360 (March 30, 2020, 9:08 PM EDT) -- Prominent bitcoin investor Roger Ver and several other individuals and bitcoin-related entities urged a Florida federal judge to toss antitrust claims brought by cryptocurrency company United American Corp., arguing that its amended claims failed to plead a conspiracy to "hijack" the Bitcoin Cash network.
After an earlier version of its suit was dismissed last month, UAC brought an amended complaint in late February alleging violations of the Sherman Antitrust Act against Ver, Beijing-headquartered cryptocurrency giant Bitmain Technologies and its CEO Jihan Wu, the Kraken Bitcoin Exchange and its founder Jesse Powell, and two Bitcoin Cash developers.
UAC claims the defendants schemed to...
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