Bitcoin Cash Buyer Accuses Coinbase Of Insider Trading

Law360 (March 2, 2018, 10:12 PM EST) -- An Arizona investor who used Coinbase Inc. to purchase cryptocurrencies like Bitcoin Cash filed a proposed class action against the platform Thursday in California federal court, accusing it of violating California’s Unfair Competition law by allowing employees to conduct insider trading.

Jeffrey Berk said Coinbase tipped off its employees a month before announcing it would support Bitcoin Cash, or BCH, a new currency that forked off of Bitcoin in August 2017. As a result, he claimed Coinbase’s employees swamped the platform before customers like himself could...
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Case Information

Case Title

Berk v. Coinbase, Inc. et al


Case Number

4:18-cv-01364

Court

California Northern

Nature of Suit

Personal Property: Other

Judge

Vince Chhabria

Date Filed

March 1, 2018

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