Altcoin News: The Wife of Craig Wright Claims She Has Lost Millions in BTC and Now Sues Exchange

May 8, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The wife of the Australian businessman Craig Wright, who claims that he is the creator of Bitcoin — Satoshi Nakamoto, sued the cryptocurrency exchange platform after she could not withdraw a large amount of BTC from it.

Ramona Ang claims that her account on the UFX exchange platform, owned by Reliantco’s FINTECH company in Cyprus, has been frozen and closed. Ang traded Bitcoin futures with leverage from January to May 2017 and from July to August of the same year. She initially invested $200,000, which by August 10 had turned into $700,000 when Reliantco allegedly decided to close the account.

According to Ang, Reliantco “improperly blocked and closed an account and is obliged to pay compensation for an open position on Bitcoin.” When Ang tried to break off relations with the company and get the funds in the account in late August, the position reached $1.1 million. According to her, by the time of going to court, the amount had risen to $2.5 million, and on the day of the proceedings up to $3 million.

According to court documents, Ang accuses Reliantco of obstructing the withdrawal of funds on the account. Reliantco, in its defense, claims that Ang invested in futures as a professional trader while she was registered on the platform as a “ non-professional”.

On Tuesday, CEO Binance Changpeng Zhao offered to organize a charitable foundation, the funds of which will go to the legal protection of members of the cryptocurrency community who are subject to prosecution by Wright.

Author: Marko Vidrih