Alleged: Bitcoin Cash Insider Trading Discovered Via CoinBase With Potential 8X Return
The result could have been a massive 700% one-hour gain.
Read more: www.forbes.com
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Follow me @cryptonized for the latest cryptocurrency news...
How far can they get before legal action is taken against them
The whole saga screams of insider trading and does not look good at all. To be expected I guess in financial industry, crypto is just doing what mainstream wall st. does! Still how can people pay 5-6 times premium for Bitcoin cash, what were they thinking while placing buy orders! I had heard these rumors on twitter about possible Jan launch of BCH and someone had spotted that CB had updated their API list and there was a BCH API noticed 3-4 days before the actual launch, so the signs were there for most folks. I'm guessing Ripple might be next and makes sense to stock it up if looking for quick gains :)
@cryptonized Merry Christmas I was a Stock Broker in the Financial Industry for over 26 Years believe me you have to take a lot of Showers to remove the Scum......................
wow good spot! how you find info ?
I saw a suspicious number of bitcoin cash posts while surfing reddit that I thought looked like a colluded effort to pump (like in a pump and dump). Eventually the stock market regulators are going to come after people. All the disclaimers people post on here are a good idea.
Just a matter of time until the SEC steps in...
wow no way ??