DooKey
[H]F Junkie
- Joined
- Apr 25, 2001
- Messages
- 13,551
Coinbase CEO, Brian Armstrong, released a blog entry today announcing his company was going to investigate possible insider trading of Bitcoin Cash prior to public trading of BC on Coinbase yesterday. Apparently, a run up in price of BC has raised suspicions that someone was taking advantage of non-public information. He plans to terminate any employee found violating company policy and take appropriate legal action.
Our launch of Bitcoin Cash today is no exception to this. All Coinbase employees and contractors were explicitly prohibited from trading Bitcoin Cash and from disclosing our launch plans over a month ago. This was communicated multiple times via multiple channels to employees. For instance, I made sure it was emphasized at our Friday Q&A sessions, and in emails sent to all employees.
Our launch of Bitcoin Cash today is no exception to this. All Coinbase employees and contractors were explicitly prohibited from trading Bitcoin Cash and from disclosing our launch plans over a month ago. This was communicated multiple times via multiple channels to employees. For instance, I made sure it was emphasized at our Friday Q&A sessions, and in emails sent to all employees.