Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    FHFA Directs Crypto Inclusion in Mortgage Assets

    GameStop Secures $2.7B for Bitcoin Treasury Expansion

    Senator Lummis Proposes U.S. Strategic Bitcoin Reserve Act

    Senator Lummis Reintroduces BITCOIN Act for U.S. Reserve

    ProCap Acquires $125M in Bitcoin for Treasury

    ProCap BTC Acquires $125M in Bitcoin for Treasury

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Invesco and Galaxy Digital File for Solana ETF Approval

    Invesco Galaxy Applies for Solana ETF with SEC

    Invesco and Galaxy Digital File for Solana Spot ETF

    Janus Henderson Tokenized CLO Strategy Attracts $1 Billion Inflow

    Coinbase Introduces Wrapped ADA on Base Network

    zkLend Winds Down After Major Security Breach

    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

FHFA Moves to Include Crypto in Mortgage Assets

by Anca F.
June 26, 2025

FHFA announces inclusion of cryptocurrency in mortgage assets, impacting U.S. housing finance markets significantly.

FHFA Considers Crypto Assets for Mortgage Assessments

by Solomon M.
June 26, 2025

The FHFA opens the door for crypto holdings in U.S. mortgage assessments to expand inclusion and access as per a...

Federal Agency Recognizes Crypto in Mortgage Applications

by Solomon M.
June 26, 2025

FHFA considers crypto assets for mortgages, potentially increasing eligibility for crypto holders.

FHFA Considers Crypto Holdings for Mortgage Eligibility

by Solomon M.
June 26, 2025

FHFA announces crypto holdings inclusion in mortgage assessments, impacting Fannie Mae and Freddie Mac procedures.

Janus Henderson Launches Tokenized $1B CLO Strategy

by Solomon M.
June 26, 2025

Janus Henderson partners with Centrifuge to tokenize a $1B CLO strategy, boosting DeFi integration.

Janus Henderson’s CLO Strategy Sees $1B Inflow

by Solomon M.
June 26, 2025

Janus Henderson partners with Centrifuge, Grove, and Sky for $1B CLO strategy inflow.

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.