A well-known digital currency investor is suing a Hong Kong website operator for some US$570,000 (HK$4.4 million) over an alleged breach of agreement, court documents state.
In a writ filed to Hong Kong’s High Court on Wednesday, Roger Keith Ver, registrant and administrator of the domain name bitcoin.com, claimed OKEX Fintech Company, which provided online services for local and international bitcoin trading, had broken their contractual obligations.
Ver stated that he entered into a contract with OKEX on December 15, 2014 , in which the local firm agreed to manage and operate bitcoin.com on Ver’s behalf through the domain name Okcoin.com.
OKEX’s services included redesigning the bitcoin.com website, performing search engine optimisation and acquiring advertisers.
Ver claimed the agreement dictated that both parties would cooperate for a minimum of five years and would split revenues. However, he stated the online service company refused to pay the monthly sums just three months into the contract.
The well-known bitcoin personality is now seeking US$10,000 (HK$77,557) for each of remaining 57 months of the agreed five-year contract – totalling US$570,000.
Ver also claimed that the contested version of the contract was a forgery. He