Coinbase Faces Fresh Bitcoin Cash Insider Trading Lawsuit Following Initial Rejection
As Cointelegraph reported, District Judge Vince Chhabria threw out Berk’s claims due to the failure to “describe the scope or content of Coinbase’s duty.”
Now, an amended version of the lawsuit focuses on the exchange purportedly falling foul of its own listing rules.
“The sudden launch (of BCH) was effectively part of an attack by Coinbase and (CEO Brian Armstrong) to depress the price of BTC and to inflate the price of BCH, to encourage more transactions and greater profitability for Coinbase,” the new filing reads.
Coinbase must respond by Dec. 20 prior to the initial hearing in January.
The latest accusations add to the stack of negative publicity BCH is also facing after its contentious hard fork Nov. 15 sparked major market volatility and a chain split.