2018-7-25 09:31 |
Coinbase exchange has reportedly concluded that no insider trading of Bitcoin Cash (BCH) took place in December 2017, Fortune reports Tuesday, July 24.
Anonymous sources close to Coinbase told Fortune that the exchange and wallet service provider conducted a company-wide meeting last week to discuss the results of an internal investigation.
A Coinbase spokesperson revealed to Fortune that the “independent internal investigation” has been completed, and the company is “determined to take no disciplinary action,” following a months-long probe by two national law firms.
The event triggered accusations that Coinbase employees engaged in insider trading, with Twitter users saying that the exchange “clearly leaked” news over the launch of Bitcoin Cash.
While Coinbase has concluded that there was no insider trading, a class action lawsuit against Coinbase by its customers is still ongoing, according to the plaintiffs’ lawyer Lynda Grant.
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