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United Corp Files Legal Suit against Bitmain, Roger Ver and Kraken for manipulation of Bitcoin Cash Hard Fork

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United Corp, A Florida based company has supposedly filed a legal case against four Bitcoin exchanges, Bitmain, Bitcoin.com, Roger Ver and Kraken. In a press release which was out on 6th December, United Corp has stated that the accused formulated a game plan to take control over Bitcoin Cash Network (BCH). United Corp, established in the year 1992, is primarily a development and management firm with a special spotlight on telecommunications and information technology. United Corp owns blockchain domes stations which are responsible for providing heat for agricultural applications. The Company also manages patents portfolios, social media, and blockchains.
BCH witnessed an update on 15th of November which eventually divided the entire community between supporters of Bitcoin cash ABC and supporters of Bitcoin Cash SV. The Corp claims that the accused in the matter took control of the coin’s network with the help of rental hashing just after the update happened. As a result of this, Bitcoin ABC’s rules were adopted blocking adoption of a fair and democratic set of rules.
According to the suit filed, the accused used unfair means, methods and practices to wield BCH Network for it to work in their favor. This also resulted in damaging the image of United Corp and various other stakeholders of BCH. The press release further said that ‘United Corp believes that the defendants colluded to effectively hijack the Bitcoin Cash network after the November 15, 2018, scheduled software update with the intent of centralizing the network — all in violation of the accepted standards and protocols associated with Bitcoin since its inception’. The Corp has also accused the ABC development team of hampering the blockchain in the form of ‘Deep Reorg Prevention’ to gain complete control of blockchain ledger.
By filing a suit, United Corp expects clarity on ongoing actions taken against the BCH Network. The Corp also demands compensation. The value of the settlement is supposed to be determined during the trial. BCH price prediction is uncertain with so much going on. However, BCH has seen a drop of 20% since yesterday and is currently trading at around $103 according to CoinMarketCap.

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