"Insider" trading...
They just got greedy and manipulated the price as planned.
Now that the plan went overboard and they know an investigation will come they try to find themselves the "culprit".
Somebody will come up and say they might have leaked info, a "hacked email", they might find a glitch in the system and stories like this.
Common, the price was almost 3 times and nobody there knew what is going on?
Also loved this unknown "insider trading' story, just how many traders has coinbase??? It's not GS for god's sake!!!!!
Exactly, that's what they did. And I believe it's not just limited to BCH but Bitcoins too, as the manipulation goes on when they know they can sell their coins to other International exchanges at premium values because having a lot of coins under possession and being on top - provides them the supremacy to dominate others in any way they want to.
Well, glitch in the system? I don't really believe they may ever say that because they are one of the top exchanges in terms of Bitcoin's purchase and sales, and saying that will be like cutting off their nose to spite the face and CB guys aren't that stupid.