• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    Bitcoin ETFs Draw $2.2B Amidst Price Surge

    Bitcoin ETFs Draw $2.2B Amidst Price Surge

    $4.33 Billion Crypto Options Expire Today

    $4.33 Billion Crypto Options Expire Today

    Ray Dalio Labels Bitcoin as “Alternative Money” Amid Rally

    Ray Dalio Labels Bitcoin as “Alternative Money” Amid Rally

    Bitcoin Valuation and Satoshi Nakamoto

    Satoshi Nakamoto’s Bitcoin Holdings Exceed $130 Billion

    Bitcoin Surpasses Amazon in Market Cap as Seventh-Largest Asset

    Bitcoin Surpasses Amazon in Market Cap as Seventh-Largest Asset

    Bitcoin Overtakes Amazon in Market Capitalization

    Bitcoin Surpasses Amazon in Market Capitalization

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    SEC Delays Decision on Canary Capital Litecoin ETF

    SEC Delays Decision on Canary Capital Litecoin ETF

    SEC Misses Canary Capital Litecoin ETF Deadline

    SEC Misses Canary Capital Litecoin ETF Deadline

    Ethereum Stablecoin Surge: Institutional Confidence & Market Impact

    Ethereum Stablecoin Supply Hits Record High of $172B

    VanEck Registers Lido Staked Ethereum Trust

    VanEck Registers Lido Staked Ethereum Trust in Delaware

    VanEck Registers Lido Staked Ethereum Trust, Influencing LDO Prices

    VanEck Registers Lido Staked Ethereum Trust in Delaware

    VeChain’s Treasury Declines to $167M Amid Market Volatility

    VeChain’s Treasury Declines to $167M Amid Market Volatility

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

A South Korean Law Breaking Crypto Trading Platform has been Sued

Joshua T. by Joshua T.
October 10, 2018
in Finance & Blockchain, Latest News

A popular South Korea based crypto exchange, Cashierest has been sued by a law firm named Aone. The South Korean law firm has accused the Crypto trading platform of engaging in price pumping operations. The law firm also indicated that the issuance of Cashierest’s personalized token, CAP, breaks the preexisting capital market laws of South Korea.

Aone Filled a Law Suit Against Cashierest

Aone made it known in the lawsuit against Cashierest that the company has been acting in bad faith and has not done well by its users. The Newlink Co. Ltd owned trading platform is been accused of using a phenomenon referred to as ‘cagepumping’. The idea behind this is to manipulate the market to provoke a surge in the price of coins and token. Once the price surge has occurred investors withdrawals get capped.
The law firm also states that the Cashierest has violated the South Korea laws by emitting the CAP coin for paying dividends. The CAP token has three main functions based on it whitepaper, these features are dividends, trade mining, and referral mining.
The whitepaper further states that:

“By possessing CAP, you can receive 100% of profits of Cashierest’s exchange charges. Regarding charges issued with each market (KRW, BTC, ETH, TUSD), the refund of charges will be 100% refunded in each applicable currency.”

Article 119 Violation

Aone lawyers were able to deduce that based on Article 119 of the South Korean Capital Markets Act, the issuance of CAP tokens by the exchange has violated the local law and all procedures involved in securities issuance. Another violation reported is price manipulation of tokens listed on the platform.

Aone has made known its intention of going after all bigger exchanges, most notably Bithumb. The law firm is on a row and is sure bent on getting justice for all South Korean crypto enthusiast getting ripped off.

Tags: AoneBithumbCashierestExchange
Previous Post

What are Stablecoins? Why are Stablecoins Important?

Next Post

Ripple (XRP), Bitcoin and Ethereum Plunges in Value: What Caused the sudden decline?

Joshua T.

Joshua T.

Related Posts

TOKEN2049 Singapore 2025 Overview

High-Profile Lineup Headlines TOKEN2049 Singapore 2025

by Solomon M.
October 3, 2025

TOKEN2049 Singapore 2025 features key industry leaders, focusing on crypto advancements.

Coinbase Alerts on Crypto Treasury Firm Consolidation

Coinbase Alerts on Crypto Treasury Firm Consolidation

by Solomon M.
October 3, 2025

Coinbase warns of consolidation in the digital asset treasury sector, led by major market players.

Nomura Expands Crypto Presence in Japan

Nomura Expands Crypto Operations Amid Growing Japanese Demand

by Solomon M.
October 3, 2025

Nomura is enhancing its crypto presence in Japan, responding to rising digital asset demand through strategic licensing and partnerships.

ConsenSys CEO Advocates for Crypto Tech Over Partisan Politics

ConsenSys CEO Advocates for Crypto Tech Over Partisan Politics

by Solomon M.
October 3, 2025

ConsenSys CEO Joseph Lubin asserts crypto innovation should transcend politics, amid MetaMask token launch anticipation.

CME Group to Launch 24/7 Crypto Futures Trading

CME Group to Launch 24/7 Crypto Futures Trading

by Solomon M.
October 3, 2025

CME Group plans 24/7 trading for crypto futures in 2026, enhancing market accessibility.

FY Energy's Green Crypto Mining Initiative Lacks Leadership Visibility

FY Energy’s Green Crypto Mining Initiative Lacks Leadership Visibility

by Solomon M.
October 3, 2025

FY Energy claims eco-friendly crypto mining compliance but lacks leadership presence, transparency.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.