Coinbase accused of market manipulation, Kraken Australia hit with $5M fine: Law Decoded
A lawsuit against Coinbase concerns allegations under the Sherman Act of attempted monopolization of the Wrapped Bitcoin market.
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A lawsuit against Coinbase concerns allegations under the Sherman Act of attempted monopolization of the Wrapped Bitcoin market.
Key Takeaways: BiT Global Digital Limited has filed a $1 billion lawsuit against Coinbase, accusing the exchange of unfairly delisting Wrapped Bitcoin (wBTC) to promote its competing token, cbBTC. The complaint filed on Dec.13 accused Coinbase of having violated anti-trust laws by attempting to monopolize the wrapped Bitcoin market. According to BiT Global, this move […]
BiT Global has filed a lawsuit against Coinbase, the largest crypto trading platform in the United States, according to a Dec. 13 court filing. The Justin Sun-linked crypto custodian alleged that the US exchange unfairly removed wrapped Bitcoin (WBTC) from its platform to favor its in-house product, Coinbase Wrapped Bitcoin (cbBTC). Antitrust violations According to […]
The post BiT Global files lawsuit against Coinbase over allegations of breaching antitrust laws by delisting WBTC appeared first on CryptoSlate.
BiT Global is suing Coinbase for $1 billion, claiming unfair practices after it delisted wBTC to promote its own competing product, cbBTC.
Coinbase contends the delisting was based on a standard review of wBTCs suitability to trade on the exchange.
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