Coinbase 'Bungled' Bitcoin Cash Release, Judge Says

Law360, San Francisco (September 27, 2018, 7:52 PM EDT) -- A California federal judge said Thursday he is leaning toward tossing with leave to amend an investor's potential class action claiming Coinbase inflated the price of bitcoin cash by suddenly opening the market to trades and then closing it two minutes later, saying it seems that something was "bungled," but the suit doesn't explain why or how.

During a hearing in San Francisco, U.S. District Judge Vince Chhabria said investor Jeffrey Berk's lawsuit "obviously is a kind of a brave new world," since it involves nascent, unregulated cryptocurrencies. But the judge said Berk needs to better explain his allegations involving Coinbase...

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