CoinDesk.com is reporting a dispute between Roger Ver and OKCoin over the domain name Bitcoin.com which is describes as a War over the domain:
The issue stems from the management of the Bitcoin.com domain, after the two sides struck a five-year deal last December to control the property. Under the agreement, OKCoin was set to redesign the site and pay Ver a percentage of the revenue generated each month, with a minimum of $10,000 per month. according to the article.
There is a reported contract dispute between the two sides including allegations of “fabricating legal documents” which is leading OKCoin to offer a “bounty” for information relating to a contract in question:
OKCoin has offered a $20,000 reward to anyone who can prove version eight of the contract, with its six-months notice escape clause, is the true and legal version of the document.
It was also stated in the article:
Ver’s team is claiming the contract, if continued over the five-year minimum term stipulated, is worth $550,000 and would be prepared to pursue that amount in damages.
The team is willing, however, to settle for $200,000.
OKCoin has issued an official statement on the matter here.
Read the full story here.
Curse of owning the best Bitcoin Domains? What’s the deal with these Bitcoin.com, Bitcoins.com, Bitcoin.poker, Bitcoins.poker website wars?
Ironically the blockchain could have been used to have an open and transparent agreement from the start LOL The irony, not using a smart contract….