The organisation filed a $2 million lawsuit in opposition to Bit River and its CEO, Vladimir Kats, in a California courtroom docket on July 2. The match alleges that the defendants fraudulently claimed to have get right of entry to to $3.five billion in Bitcoin if you want to entice clients into the use of their services.
After clients complained approximately being not able to withdraw their funds, Bit River reduce ties with the organisation and lower back their Bitcoin machines, mentioning the Non-Applicability of United States Sanctions because the reason.
The customer's case became then transferred to New York wherein it's been pending considering that March 2018.