RATE Group | Blockchain files a complaint against a cryptocurrency exchange, launching ICO next week
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Blockchain files a complaint against a cryptocurrency exchange, launching ICO next week

23 Sep Blockchain files a complaint against a cryptocurrency exchange, launching ICO next week

Posted at 01:52h in Cryptocurrency News by

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Blockchain, a cryptocurrency company, announced on their official Twitter that they have filed a complaint against Blockchaindotio, a cryptocurrency exchange, for using their name and promoting false information to users.

According to the blog report, Blockchaindotio is a cryptocurrency launched by Paymuim, a company which focuses on providing services for Bitcoin. However, it is stated that the company which was popular for running Instawallet is rebranding itself since they lost their customers funds to a hack.

In the year of 2013, Paymuim claimed that Instawallet was compromised due to a hack and that the customers’ coins were stolen from the platform. The platform also stated that they have filed a complaint with the police. This falls in the same timeframe as that of Mt. Gox hack, the biggest cryptocurrency hack in the space.

However, the announcement of the hack eventually resulted in many stating that the platform was running a scam and are falsely claiming…

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