RATE Group | This week in crypto: China, Canada, and Ukraine on the blockchain
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This week in crypto: China, Canada, and Ukraine on the blockchain

10 Nov This week in crypto: China, Canada, and Ukraine on the blockchain

Posted at 16:32h in Cryptocurrency News by

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Drama this week will forever be recorded on the blockchain. Millions of dollars worth of funds are due to be contested in the courts, following allegations of criminal misconduct against the Canadian based Einstein exchange. 

The British Columbia Securities Commission levied a charge against the company, investigating claims that it had misallocated and misused customer funds. Lead investigator, Sammy Wu tried to enter the exchange’s offices, but nobody would pick up the phones, and the elevators were locked to all floors. 

Wu was able to piece enough together to bring a case against the exchange, and the courts will put Wu’s findings to the test. If Wu’s case goes through, Einstein could owe customers more than $16 million. 

In another high profile legal spat, Bitcoin Manipulation Abatement LLC has filed a $150 million lawsuit against crypto derivatives exchanges FTX and trading firm Alameda Research LLC—which shares its CEO with FTX. The lawsuit, filed Sunday and…

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