Former Exec Hits Back at OKCoin Amid Contract Dispute
Former OKCoin chief technology officer Changpeng Zhao has hit back at allegations that he forged a contract at the center of a dispute between bitcoin entrepreneur Roger Ver and the Chinese bitcoin exchange. "I signed version 7 of the contract with Roger. It was sent via email with my PGP signature. I do not recall a version 8," he wrote. "With either version of the contract, OKCoin is seriously violating its obligations." Zhao alleged that OKCoin artificially inflates its volume through the use of bots that engage in self-trading, manipulated the results of its August 2014....
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Following a company dispute, Changpeng Zhao left bitcoin exchange OKCoin earlier this year and decided to speak up on the issues that led to his exit. The former CTO made a statement via Reddit sharing the details of his verbal contract with Roger Ver and how the company still owes him tens of thousands of dollars. "I tried hard to stay out of the public dispute between OKCoin and Roger Ver, hoping they would resolve themselves, over a contract relatively small in size," he began. "I know anything I add publicly simply throws more gas on the fire, which is not helpful for resolving the....
The bitcoin trading platform OKCoin is currently down and has been for more than 12 hours according to a reddit user. When visiting OKCoin.com you will receive a Cloudflare error as seen below: There has been reports claiming that the servers OKCoin uses are undergoing Emergency Maintenance due to abnormalities caused by server interruptions. For more than eight hours ago OKCoin sent out a tweet saying their platform would be temporarily inaccessible. The tweet is now creating outrage among some of their followers. Let's hope the maintenance is over soon so OKCoin's clients can access....
One of the most recognizable bitcoin-related domain names is at the heart of a dispute between Chinese bitcoin exchange OKCoin and bitcoin entrepreneur Roger Ver. The issue stems from the management of the Bitcoin.com domain, after the two sides struck a five-year deal last December to control the property. Under the agreement, OKCoin was set to redesign the site and pay Ver a percentage of the revenue generated each month, with a minimum of $10,000 per month. The latest developments, which have seen Ver accuse OKCoin of fabricating legal documents and the exchange in turn alleging that....
New digital dispute rules could keep smart contract disagreements out of the courts with the help of an independent arbitration tribunal. A British government-sanctioned task force has proposed a dispute resolution framework that would keep cryptocurrency and smart contract disagreements out of the courts. A 14-page report published by LawTechUK’s UK Jurisdiction Taskforce puts forward new “Digital Dispute Resolution Rules” that aim to provide a standardized means of dealing with smart contract disputes. Under the remit of the new rules, crypto-based disputes could be resolved without any....
The Bitcoin community has been known for its fair share of drama, and perhaps this is to be expected of such a dynamic new technological space. The most recent public event shaking the Bitcoin world centers on OKCoin, a Chinese Bitcoin exchange many suspect of being fraudulent and possibly insolvent, and the beloved Bitcoin Jesus, Roger Ver, who has faced some critics after having vouched for Mt. Gox before the troubled Bitcoin exchange went bankrupt. To be sure, the evidence damning OKCoin as inept and/or corrupt players seems obvious enough. For instance, the company's CEO once....