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/biz/ - Business & Finance

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8088438 No.8088438 [Reply] [Original]

Coinbase sued over BCH launch debacle and insider trading:
https://images.law.com/contrib/content/uploads/documents/403/11288/CoinbaseComplaint.pdf

that's why they haven't added new coins in January as promised.

Reminder that are people who sold their bitcoin for bcash at $4000-$8000. Reminder that they are attacking bitcoin 24/7 so they can make it back.

>> No.8088467

"When Coinbase’s customers’ trades were finally executed, it was only after the
insiders had driven up the price of BCH, and thus the remaining Bitcoin customers only
received their BCH at artificially inflated prices that had been manipulated well beyond the fair
market value of BCH at that time.'

>> No.8088484

tl;dr

coinbase insiders pumped the price then dumped on us

>> No.8088652
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8088652

>>8088438
shooped

>> No.8088800

Gimme a quick rundown on how serious this lawsuit is and what are potential implications.
I hope coinbase, Ver and Bcash gonna get fucked, coinbase to free market to exchanges with tokens ( from which I can benefit :^) ) Ver for being a colossal nigger ruining crypto and Bcash to free money for other non retarded alts.

>> No.8088814

Sold my BCash for OMG long ago, fuck that shit

>> No.8088885

>>8088484
we know. they also refused to impliment segwit or manage their transaction better (batch) to clear up the mempool which fed bcash. (ZOMG FEES SO HIGH UZE BCASH IZ GOOD, BTC DED OLD DINOSAUR etc)

>> No.8088890

>>8088800
it's almost always serious when people lose money. Coinbase in a blog post basically admitted inside trading. Bitcoin Cash price monetarily reached $8000. Some people actually believed flippening is underway and sold everything, they didn't realize it's a pump started by inside trading.

>Ver for being a colossal nigger ruining crypto

He realized what he has done. He reduced attacks against bitcoin lately.

>> No.8088915

>>8088890
i dont think thats out of virtue. i think its pure fear that he will get anally violated in regular american prison which is probably multitudes worse than gitmo.

>> No.8088921

>>8088885
yeah they actually placed a note in the deposit/withdraw form saying "bitcoin cash is fast and cheap". They wanted it to flip bitcoin. They suspended selling for a long time too.

>> No.8088935

BIG IF TRUE

>> No.8088943

>>8088915
>i dont think thats out of virtue

of course not, he still owns lots of crypto so the crash harms him too. his whole identity and business are built around crypto, so if we go in a 2 year bear market he will be even more irrelevant.

>> No.8088960

>>8088921
i did not even know that. more fuel for a guilty verdict though.

>> No.8088989

The cashies were all too happy to see the inflated price when "trading" opened. Should have seen the "btc is going down/flippening" postsuntill they hilariously got fucked.