In the Federal district court for the Northern district of California have been augmented with new class action lawsuit against Coinbase cryptocurrency exchange, accused of price manipulation on the stock market and insider trading at the time of launch support on this site trading Bitcoin Cash in December 2017.
The document stated that, according to the plaintiffs, employees of a crypto currency exchange created the conditions in which a number of traders had bid at a higher price, and Coinbase has received significant commissions, earned on the spread at a bloated price BCH and closing trades in a few minutes after their opening, ruled out the participation in them of wanting to sell the cryptocurrency. The crypto currency exchange has violated the standards of listing on the platform, allowing only to place purchase requisitions and did not warn users about when they can withdraw BCH.
Victims seeking damages in the amount that the court determines, and compensation for legal costs. At the same time to prepare a response to allegations from Coinbase has until December 20.
Recall that at the end of December 2017 entrepreneur and cryptoanalysis albert Renshaw discovered the possible evidence of insider trading Cash Bitcoin on Coinbase and GDAX, the result of which could be 700 percent profit in an hour. In March of this year, the Arizona resident Jeffrey Burke (Jeffrey Berk) filed against Coinbase appropriate charge, but in October the court found the evidence insufficient. However, in July, Coinbase has completed independent internal investigation, having come to the conclusion that the company’s employees of insider trading Bitcoin Cash is not carried out.
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