Bitcoin SV (BSV) marked a milestone - by trading higher than Bitcoin Cash (BCH), the officially accepted version. After the latest market sell-off, BCH prices suffered a steep decline, crashing to as low as $97. At the same time, BSV continued its anomalous gains, growing by 22% overnight to $106.19. The price flippening happened while a lawsuit was initiated against the Bitcoin Cash team and other members of the ecosystem.
The lawsuit was presented by claimant United American Corp., and lists among the defendants Bitmain, Inc., Roger Ver, as well as Amaury Sechet, lead developer at Bitcoin ABC. The nature of the complaint lists the defendants as being a part of a coordinated network aiming to achieve gains by manipulating BCH:
“This action involves a scheme by a tight-knit network of individuals...
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