Coinbase wins order tossing insider-trading lawsuit
Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.
Coinbase won a lawsuit claiming that the cryptocurrency exchange enabled insider trading ahead of the launch of bitcoin cash. The action claimed Coinbase was making misleading statements about when the exchange would support bitcoin cash and that enabled insiders to dump the cryptocurrency at inflated prices. According to the judge presiding over the case, the complaint "does not sufficiently articulate" a legal basis for the claims made by the plaintiff. (Source: Bloomberg)
TAGS
AUTHOR
Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
See More
