/biz/ - Business & Finance

Would it be insider trading if say, coinbase had public insolvency rumors and the share price crashed for them to come out with the equivalence of a "trust me bro we have the funds" just so they can buy up the shares and then later on reveal that people should have trusted them because they actually do have all the funds.
It's not insider trading because the info was public, people just didn't believe them.
Or would the market instantly correct to the real value before coinbase could get a chance to buy their shares.