The trial over a series of alleged wrongful bitcoin trade reversals, reportedly Singapore’s first legal dispute involving BTC, has begun. Market maker B2c2 sued cryptocurrency exchange Quoine on. B2C2 us seeking 3,085 bitcoins in damages, currently worth approximately $14 million. The reversed trades, however, were made in April 2017, when a bitcoin was worth around …
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The first ever Bitcoin legal dispute in Singapore went to trial on Wednesday. Market maker B2C2 is suing Quoine, a cryptocurrency exchange service for wrongfully reversing some trades carried out …. Cryptocurrency market maker B2C2 is suing exchange service provider Quoine over bitcoin trades worth millions that were reportedly reversed in April. According to the Strait Times, the lawsuit was
The orders were filled in a series of trades on April 19, resulting in B2C2 paying 309. 2518 ethereum for 3092. 517116 bitcoin. The bitcoin was credited into B2C2’s account that day. . Leading Singaporean Bitcoin Exchanged Sued For Wrongful Reversal of $3. 78 Million Quoine, a leading Singapore-based bitcoin exchange which secured $16 million in funding in 2016 after becoming the seventh largest trading platform in daily volume, received the country’s first lawsuit involving bitcoin from electronic market maker B2C2.
The first cryptocurrency trial in Singapore involving a claim of some BTC 3,085 due to a trade reversal by Quoine exchange began yesterday in Singapore International Commercial Court (SICC). . On 19 April 2017, market maker B2C2 sued Quoine for the unauthorized reversal of 7 trade orders amounting to BTC 3,092 placed by the plaintiff on the defendant’s exchange platform. . Japan-based crypto exchange operator Quoine has been taken to court by UK electronic market maker B2C2 over seven reversed Bitcoin (BTC) trading orders, as per a Straits Times report on Wednesday. The lawsuit is in its final stage, with B2C2 reaffirming in a hearing this week that it is seeking
According to the report, on April 19, 2017, B2C2 executed trades on the Quoine exchange, taking advantage of an erroneous exchange value which allowed 309. 2518 Ether (ETH) to be traded for 3,092. 517 bitcoin (BTC). . Updated news about bitcoin and all cryptocurrencies. B2C2 Rollercoaster Year: 2018 Bitcoin Bear Market Nearly Dooms UK’s Crypto Market-Making Firm. B2C2 is based out of the UK, and it is known to the public as “a cryptocurrency market-making firm,” according to The Block.
The trial over alleged wrongful reversals of seven bitcoin trades that occurred last year has reportedly begun in Singapore. Cryptocurrency exchange Quoine has been sued by a market maker.
Altcoin News First Bitcoin Court Case in Singapore Commences as Market Maker Sues Cryptocurrency Exchange. The first ever Bitcoin legal dispute in Singapore went to trial on Wednesday.
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The trial over a series of alleged wrongful bitcoin trade reversals, reportedly Singapore’s first legal dispute involving BTC, has begun. Market maker B2c2 sued cryptocurrency exchange Quoine on April 19 last year, seeking to recover about 3,085 BTC from the exchange.
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