The dispute between OKCoin and Roger Ver over which contract governs an agreement they made regarding the bitcoin.com domain name continues to escalate with Ver's friend and former CTO of OKCoin Changpeng Zhao publicly stating (archive) that he had a gentleman's agreement with Ver which he expected OKCoin to honour after he left the company.
In addition to siding with Ver's version of events, Zhao claims OKCoin has been engaged in an assortment of deceptive conduct regarding the operation of its exchange, specifically:
- OKCoin operates bots on their exchange at the behest of OKCoin's CEO Star Xu.
- OKCoin designed the bots to trade against one another instead of user buys/sells in order to pump up the trading volume.
- That OKCoin removed a number of bot accounts in order to pass a proof of reserve audit conducted in August of 2014.
- CEO Star Xu provided his wife and mother with backup copies of private keys.
For now Ver has redirected the bitcoin.com domain to bitcoinmagazine.com in order to test (archive) where best to send the traffic, traffic which is claimed by Zhou to be around 2500 unique visitors per day.