Judge: Coinbase “Incompetent”
…but no fraud in Bitcoin Cash launch…
“The Northern District Court of California has slammed Coinbase’s ‘incompetence’ over its controversial Bitcoin Cash launch in 2017. The court denied a renewed motion by the company to force arbitration against plaintiff Jeffrey Berk, but dismissed allegations of fraud against Coinbase.
‘Moreover, while the factual allegations paint a compelling picture of an incompetent launch by Coinbase, the complaint does not outline a coherent account of fraud by Coinbase, Armstrong, and Farmer.’”