Bitcoin Private (BTCP) developers crypto money exchange hitbtcHe was accused of fraud by the stock exchange after the planned coin burn.
BTCP published an article about HitBTC on the day they were removed from the list. The author claimed that the stock exchange seized the BTCP coins because of problems arising during the coin-burning activities. The results of BTCP ZClassic (ZCL) and Bitcoin (BTC) fork have emerged in March last year. The project's whiyepaper indicated that the coins that were not displaced after the fork were to be burned at a later date. BTCP developers, however, claimed that on March 3, 2018, HitBTC received a half-million dollar listing fee from BTCP.
It is announced that HitBTC will not be affected by the coin-burning process of BTCP wallets opened after a fork. One day after the February 15th, when the coins were to be burned, it was reported that HitBTC had restricted the BTCP to not affect user funds. Therefore, after the burning of the stock market coins, the loss of 58,920 BTCP 's wanted to remain on the stock exchange.
On the other hand, as stated in their first agreement, the wallets created after the fork were not affected by this event and the stock market should not be worried about the user funds. But BTCP developers claimed that HitBTC had hidden 58,920 BTCPs. According to BTCP developers, the stock market promised not to confiscate coins. On February 17, the coins were burned and on 21 February HitBTC allegedly threatened to withdraw BTCP support if the 58,920 BTCP was not compensated.
Description of HitBTC
HitBTC announced on March 9th that the BTCP developers can not develop safe combustion, as a result of the burning of some of the coins of the stock market said. HitBTC, in turn, said they could withdraw their coins at any time.
It was reported that 2 million Bitcoin Privates were secretly printed in December while Bitcoin chain data was being transported. This was then confirmed by the BTCP developers, and the findings were mathematically correct, but the purpose and identity of those who secretly published did not appear.