Quoine Exchange Sued Over Multimillion-Dollar Bitcoin Trade Reversal
Cryptocurrency market maker B2C2 is reportedly suing the exchange over major bitcoin trades it alleges were unfairly reversed.
Crypto trading platform Liquid.com has been backed by Bitmain and IDG Capital in a funding round it says makes it the latest crypto unicorn.
A Singapore court has ruled crypto exchange Quoine liable for reversing trades for a total of 3,092 bitcoin by market maker B2C2.
The digital currency exchange had unlawfully reversed seven trades after its system erroneously allowed a trader to sell ether at an inflated price, the court decided.
Crypto exchange startup Quoine has launched a trading platform called Liquid that it says will bring much needed liquidity to the crypto markets.
The Singapore court dismisses B2C2's application for summary judgment for B2C2's lawsuit against Singapore cryptocurrency exchange Quoine.