Trader Sues OKCoin Over Lost Litecoin
A cryptocurrency trader based in China's Hunan province is bringing a lawsuit against cryptocurrency exchange OKCoin. According to court documents, the trader deposited the cryptocurrency litecoin in an account at the exchange, only to wake up the next day to find the funds traded without his notice. The filing asserts that the trader believes he was the subject of a successful hack, and that representatives of OKCoin should bear responsibility. He further claimed that the IP address used to execute the trade was based in Hong Kong. In total, the trader estimates his total loss at $2,900.....
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OKCoin, a cryptocurrency exchange that offers trades between Bitcoin (BTC), Litecoin (LTC), US Dollar (USD), and Chinese Yuan (CNY), has added margin trading to its iOS and Android apps. “In our continued efforts to build the world’s best retail and institutional blockchain asset exchange, OKCoin has added margin trading to its iOS and Android Apps. OKCoin.cn CNY users can trade on up to 5x margin while OKCoin.com USD users can trade on up to 3.3x margin. Thanks for your feedback and continued support of OKCoin. We hope you like it!” added OKCoin in a statement. OKCoin released the....
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