The Federal district court for the Northern district of California dismissed a lawsuit against Coinbase cryptocurrency platform, previously accused of insider trading while the listing of Bitcoin Cash.
In the case stated that the plaintiff, Jeffrey Burke from Arizona failed to provide sufficient evidence indicating violation of the Coinbase. It is noted that in the lawsuit Burke has no legal grounds for its consideration.
“The reader of the claim remains unclear that Coinbase should have done differently or why the listing Bitcoin Cash had to go more smoothly if Coinbase did everything as it sees fit Burke”, – stated in the document business.
From Jeffrey Burke has 18 days to challenge the court’s decision.
Recall that listing Cash Bitcoin on Coinbase was held on December 19. After that, the course of bitcoin in just 48 hours soared by 130% — from $1865 to $4300. In this case in March against the company was filed. The trading platform was accused of “artificially inflating prices” Bitcoin Cash by trading based on insider data.
After the completion of the internal investigation, analysts Coinbase reported that it found no evidence of insider trading.
In October, Coinbase again accused of lack of transparency of listing assets.
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