Cases & Deals

Bitmain defends claims of manipulating Bitcoin Cash cryptocurrency market

Clients Bitmain Technologies Ltd.

Jones Day is defending Bitmain Technologies Ltd. and Bitmain, Inc. against claims that they conspired with other companies and software developers to manipulate the Bitcoin Cash cryptocurrency market in violation of federal antitrust law. In February 2020, the court issued an order dismissing the plaintiff's complaint but giving the plaintiff leave to file an amended complaint. The plaintiff's amended complaint abandoned all five of its state law claims, but continues to assert claims under the Sherman Act.

United American Corp. v. Bitmain Inc., et al., Case No. 1-18-cv-25106 (S.D. Fla.)

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