submitted by /u/JonyRotten [link] [comments] |
source https://www.reddit.com/r/btc/comments/e686xj/the_feds_money_creation_system_is_fueling_one_of/
This blog brings you the best Cryptocurrency & Blockchain, ICO & P2P and Exchange & Laws news. Also contains technology and research based post from all around the world every single day. Get informed! Think Future!
On July 10, 2015, Litecoin plummeted, and on July 13, Bitcoin plummeted. The Okcoin trading platform said that it was paralyzed by a hacker attack. The hacker maliciously manipulated the price, and customers could not go online to operate, which caused a large number of customers to sell out. huge loss. According to the specific situation: hacking caused the trading platform website to stop, the platform data to be abnormal, and users unable to operate on the platform. As a result, Litecoin and Bitcoin on the platform failed to operate the stop loss in a timely manner, with losses of 57.9 Bitcoin and 3136 Litecoin. After many negotiations with investors, the okcoin platform only compensates Wei for 15% of the loss, that is, 8.7 bitcoins, 1 power bank, and 1 month transaction fee. The remaining 49.2 Bitcoin and 3136 Litecoin. The company explained that the company also suffered hacking and suffered losses and refused to compensate. Relevant lawyers stated that for non-commercial risks such as theft, embezzlement, and fraud in virtual currency transactions, from the current trial practice, there are courts in accordance with The "Announcement" finds that virtual currency transactions are illegal financial activities, so the creditor's rights and debts formed are not protected by law, and the actors should bear their own risks. What do you think of it?