Crypto influencer, Evan Luthra is suing Bitget for alleged account restrictions and immobilisation of around $200,000 due to a new token listing. His rapid sale of REELT tokens sparked suspicions of market manipulation, leading to account freezing and a 60% drop in REELT price. He is now seeking $16 million in damages.
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Unraveling the Luthra-Bitget Feud: A Tug of War Between User Rights and Exchange Protocols
“A prominent crypto influencer, Evan Luthra, is suing Bitget cryptocurrency exchange for freezing his account and blocking access to $200,000. Bitget alleges market manipulation with Luthra’s account associated with the newly listed REELT token. This highlights the complexity of maintaining market integrity, user rights, and trust within the unregulated crypto industry.”