Haidian Court concluded China’s first Bitcoin Cash dispute in Beijing. The court ruled that OKCoin, the defendant, should pay Mr. Feng, the plaintiff whose real name wasn’t revealed by the court, 38.748 Bitcoin Cash but dismissed Feng’s claim for compensation of RMB 160,000.

According to a press release from the Haidian Court, Feng registered on OKCoin on Nov. 1, 2016, and bought 38.748 Bitcoin on the platform. When Bitcoin split into Bitcoin and Bitcoin Cash in August 2017, OKCoin issued an announcement that it will grant the user the same amount of Bitcoin Cash as the amount of Bitcoin they own. However, Feng failed to collect his amount of Bitcoin Cash, because “the ‘collect button’ on the webpage disappeared.”

However, according to OKCoin, it’s Feng that continuously postponed collection until the collection period expired.

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Jiefei Liu

Jiefei Liu is a Beijing based tech reporter. She focuses on the union of tech and content creation and loves agriculture. You can write to her at Jiefei@technode.com