High-Frequency Trading Firm Virtu Threatens Legal Action Against Virtcoin

HFT giant Virtu has been the target of an apparent clone scam, using its likeness to attract possible investors. The company is threatening legal action and has already approached the authorities about the matter. The promotional matrial for the “coin” in question, Virt, is so bizarre it almost looks like a parody of the current state of the market or the result of an ICO whitepaper writing AI gone rogue. Virtu Financial (NASDAQ:VIRT), one of the largest high-frequency trading firms on Wall Street, has issued a warning to the public on Friday against Virtcoin, explaining it has no relationship, connection, or affiliation to the company and its officers and directors. Additionally, “Virtu has notified the appropriate authorities and intends to commence all necessary legal actions to defend itself from any attempt to infringe on Virtu’s copyrights, trademarks and intellectual property.”

Reference: https://news.bitcoin.com/high-frequency-trading-firm-virtu-threatens-legal-action-virtcoin/

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