In accordance with the Chinese news outlet Legal Weekly’s article, a lawsuit against OKCoin has been filed by an investor, known under the pseudonym Feng Bin. The investor accuses the exchange of denying his requests to obtain 38.748 Bitcoin Cash that was due after Bitcoin’s hard fork in August 2017.
As one does, the trader immediately complained about the issue to the platforms’ support tea. Feng Bin was informed that he could not extract any Bitcoin Cash because the platform’s program for claiming the forked crypto has expired. In turn, the investor claims that no explicit announcement regarding the expiry of the forked coins was made by the crypto exchange. An outraged Feng told reporters the following:
Feng is currently seeking financial compensation for 38.7 Bitcoin Cash and the profits lost incurred due to the lost opportunity to sell BCH at all-time highs. His claims have been reportedly challenged by OKCoin, citing inconsistencies between his story and the records of his account balances.
BCH celebrated its “first birthday” earlier last week as the Bitcoin forked happened on August 1, 2017. It led to two completely different digital currencies and the users who held Bitcoin prior to the fork received an equal number of Bitcoin Cash. The year has been quite controversial for BCH. Notably, one of the biggest promoters of BCH Roger Ver claimed that Bitcoin Cash is the “real Bitcoin” in November 2017.
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