RATE Group | Coinbase Internal Probe Finds No Evidence Of Bitcoin Cash Insider Trading
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Coinbase Internal Probe Finds No Evidence Of Bitcoin Cash Insider Trading

29 Jul Coinbase Internal Probe Finds No Evidence Of Bitcoin Cash Insider Trading

Posted at 15:15h in Bitcoin News by

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A Coinbase internal investigation into alleged insider trading before it listed Bitcoin Cash has found no evidence to support the allegations.

The exchange, which hired two law firms to carry out an in-house investigation of the accusations, has stated that no wrongdoing was found, and it will take no further action.

Bitcoin Cash Allegations

Since December 2017, America’s largest cryptocurrency exchange has been dogged by a series of accusations surrounding the events of December 20, when it surprised the market by announcing the listing of Bitcoin Cash.

The trouble started when Bitcoin Cash prices suddenly spiked in a heavy and unprecedented manner, driven primarily by a surge in demand from south Korean buyers on December 20.

The same day, Coinbase put out a surprise announcement revealing its decision to list Bitcoin Cash on its platform, despite having previously stated that it would not support the cryptocurrency until January 2018. Traders who bought BCH before the…

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