RATE Group | Coinbase’s Internal Investigation Finds No Irregularities With Bitcoin …
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Coinbase’s Internal Investigation Finds No Irregularities With Bitcoin …

25 Jul Coinbase’s Internal Investigation Finds No Irregularities With Bitcoin …

Posted at 21:42h in Bitcoin News by

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In December 2017, Bitcoin Cash made an unexpected price run-up, increasing nearly 25 percent in a matter of days. The increase set the stage for Coinbase’s unprompted listing of Bitcoin Cash on December 19. Within hours of the announcement, rumors spread among community members that the two events were too closely correlated for comfort, and many argued that the out-of-the-blue run-up anticipated the listing by way of insider trading.

To make the drama worse, Coinbase suspended trading soon after the listing hit GDAX (now CoinbasePro), Coinbase’s exchange arm, blaming liquidity issues and a deluge of orders that flooded its system. Trading was reopened the following day.

Seven months later, and Coinbase has provided its answers to the skepticism. Originally reported by Fortune, two prominent U.S. law firms, the identities of which are undisclosed, just concluded a multi-month internal investigation of Coinbase. They’ve concluded that there’s no evidence of insider trading by…

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