Legislation360, London (April 17, 2020, 8:13 PM BST) — A Canadian Bitcoin investor is suing two London cryptocurrency corporations for $4.9 million in damages over allegations he was misled in regards to the service they supplied and blocked from buying and selling throughout unstable intervals, costing him thousands and thousands.
On the coronary heart of Salim Satir’s Excessive Court docket declare towards Gatehub Ltd. and Bitstamp Ltd. is whether or not or not he bodily owned greater than 800 bitcoins that have been allegedly credited to his account, based on courtroom paperwork not too long ago made public.
Whereas Satir thought he was exchanging one other cryptocurrency — ripple — for bitcoins by the Gatehub platform, what he was truly getting was bitcoin IOUs, which might…
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