Two class actions have been filed against the Coinbase platform

American popular platform Coinbase is accused of two serious offences. Two lawsuits have been filed against the company. The first contains charges of insider trading, the second is related to the violation of the California law on unclaimed property.

In the first case, users of Coinbase accuse the administration that it artificially inflated BCH quotes, which against the background of adding to the site rose from $1,860 to $4,300 in just two days. The reason for this, according to experts, could be trading using insider information. Brian Armstrong, Coinbase’s lead Manager, made that possible. He promised to carry out investigation as there was a probability of insider trade from one of employees of a platform.

In the second class action, the company is accused of doing business in bad faith. The fact is that users of the service can send cryptocurrency to an e-mail address, which is not assigned to the system’s wallet. In this case, the email will contain a link to create an account on Coinbase. After registration, the transferred funds will be credited to the account. The problem is that the platform keeps unclaimed transfers indefinitely, without notifying the senders that they were not in demand.

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