He doesn't have the right to do that. And if someone chooses, they are not powerless.
When the coin hit an exchange everything changed, which I don't think he understands.
It's not a game when there is real cash on the line. However there can be consequences.
XIRO-->BTC-->Fiat(should a person choose)= Monetary value
It's no longer a matter of reactions to hurt feelings.
As controller of the coin, he carries fiduciary responsibility once it got listed on an exchange.
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https://www.globallegalinsights.com/practice-areas/blockchain-laws-and-regulations/francePlease read #2. What happened is governed by the existing regulations in France when it comes to trading. So deliberately crashing the coin, is a no no. Called manipulation. Especially since he is the sole controller of a centralized coin that has monetary value.
Sorry, can't copy and paste from that page.
https://thelawreviews.co.uk/edition/the-securities-litigation-review-edition-5/1194744/franceSection ii
Insider trading and market manipulation are also criminal offenses under French law.28 The Public Prosecutor for Financial Matters and the Paris Criminal Court have exclusive jurisdiction for such offenses.29 The Prosecutor may initiate an investigation either spontaneously, on the basis of any complaint lodged by anyone, or following the transmission by the AMF of its investigation report. The matter may then be referred to the Criminal Court for trial, which will be held before three judges and without a jury. Victims of the offense may participate in the trial and seek to be awarded damages.28 Articles L465-1 and L 465-2 of the Financial and Monetary Code.
29 Article 705-1 of the Criminal Procedure Code.
Even though this is a crypto coin, trading practices are still regulated by statute. Especially since proceeds can ultimately be converted to fiat.