Coinbase did not commit fraud in the Bitcoin Cash lawsuit

The long lawsuit that began in December 2017 came to an end.

In a court order issued on August 6. Judge Vince Chhabria of the Northern District of California, rejected the claims of the merchants that Coinbase committed fraud, did not act fraudulently during the failed launch of Bitcoin Cash.

image source: https://dailyfintech.com/2018/12/24/coinbase-ipo-waiting-for-the-bull/

At that time Bitcoin Cash only had 4 months of existence, Coinbase added the altcoin to its platform, in doing so it produced a rebound in its price, followed by this the decision was to close the trade which left users unable to sell at more prices high.

Following this, they accused Coinbase of using information with executives to manipulate the markets by buying BCH.

It should be noted that a motion was granted to dismiss fraud claims; Now the plaintiffs will have to move forward based on a negligence lawsuit. According to the judge, the BCH bond was too fast, which generated problems from the beginning.