Connect with us

News

Bitcoin SV [BSV]: Calvin Ayre urges BSV holders to file class action suit against Kraken for delisting

Avatar

Published

on

Bitcoin SV [BSV]: Calvin Ayre urges BSV holders to file class action suits against Kraken for delisting
Source: Pixabay

The Bitcoin SV saga continues with another set of lawsuits from the BSV camp set to rock the industry. However, this legal charge is not spearheaded by Calvin Ayre and Craig S Wright, but the BSV holders.

Kraken became the latest heavyweight exchange to delist Satoshi’s Vision on April 16, following Binance. After this ousting, Ayre claimed, that the exchange’s BSV holders are taking legal action. In a tweet, less than 12 hours after Kraken’s booting out of the coin, the BSV proponent stated that “US companies,” are “preparing lawsuits,” against the San Francisco exchange.

His tweet read:

Source: Twitter

In addition to the “companies” looking to target Kraken with “lawsuits,” Ayre suggested that the exchange has “cut off BSV withdrawals.” He added that such an “illegal” move should result in the BSV account holders filing a “class action suit” against the exchange.

Kraken’s official blog post regarding the delisting clearly spelled out that the BSV deposits will only be disabled on April 22, following which trading on the listed trading pairs will conclude seven days later. More importantly, withdrawals will be permitted till the end of the next month i.e. May 31 allowing plenty of time for BSV holders to pull their funds out of the exchange.

Despite no mention of a change in the terms of the withdrawal by Kraken, Ayre attests to the “illegal” change. His tweet stated:

Source: Twitter

Bitcoin SV has been no stranger to using the legal path to engage the cryptocurrency community. Over the past week, Ayre and Wright have been launching a slew of legal notices to those who claim that Wright is a “fraud.” Unsurprisingly, the community is opposed to their “bullying,” with Kraken CEO referring to the BSV “founders” as “total assholes” upon delisting the coin.

The Reddit BSV-community appeared to be disgruntled by the lawsuits and by Kraken’s behavior, first with the poll hinting at delisting and their official announcement. One user, pafkatabg drew a parallel with the stock market:

“Imagine Nasdaq’s CEO to start a twitter poll if they should delist TESLA, because Elon Musk’s behaviour is toxic and this twitter poll results in 20%+ drop in the price. It’s clear market manipulation.
Kraken’s actions are hard to explain with valid reasons. It’s all about emotions.”

Fount4inhead opined:

“The poll is absurd I know. We all know that majority of customers for exchanges are speculators and so a poll like this is equivilant to having a horse race and then asking participants to remove certain horses from the race after bets are placed, of course they vote yes.”





Subscribe to AMBCrypto’s Newsletter




Follow us on Telegram | Twitter | Facebook



Graduate of Finance and Economics, interested in the intersection of the world of decentralized currency and global governance.

News

GateHub: Stolen XRP funds transferred to prominent exchanges

Namrata Shukla

Published

on

GateHub stolen XRP funds moved to Bitfinex and OKEx
Source: Pixabay

The GateHub hack that took place earlier this month resulted in the exchange losing nearly 23 million XRP worth approximately $9 million. However, Whale Alert, a tracker of large crypto transactions, alerted the community of these stolen funds being moved to various different exchanges.

One of these exchanges was identified to be Bitfinex, which received 400,025 XRP on June 16 at 10:57:22 UTC. The sender’s address was r4hyDYXv7iV3oCahxQzqYYfgxwyBx3AyMN and was identified to be from the GateHub hack 2019. The receiver’s address was identified to be Bitfinex’s- r9o9MerrS7d2GAEs6JPj4v4JcvZAJNtLUY. The hash rate of the transaction was 21124F7818A2903E9750456D603CC9AACC9DBE6CE2EF0AA191C734339B4CA682 and the transaction details were as follows:

Source: Whale Alert

Source: Whale Alert

Another transaction was noted to take place to the Bitfinex wallet address where 100,000 XRP was transferred from another identified GateHub hack address. The identified Bitfinex’s wallet address was rDcz7P9YMpffLKhRBovTzhUr3wKtk3y9q7. This wallet address was quick to transfer the funds immediately to another exchange, OKEx. OKEx previously received 3,000 XRP from the stolen funds to an identified OKEx address- rUzWJkXyEtT8ekSSxkBYPqCvHpngcy6Fks. The hash rate of the transaction was noted to be BE97F68A20E996A2E1A37228DCBD45A1F26E8E2B3A842E9FCFFF7721157C1C37 and following were the transaction details:

Source: Whale Alert

Source: Whale Alert

The stolen funds were moved to another prominent exchange, Binance, and CZ was swift to inform Whale Alert that he would look into it. However, the crypto users did not find any relief about these funds going to other exchanges as the exchanges did not respond to the large transactions.





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending