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From another article - https://www.coindesk.com/coinbase-settles-with-cftc-for-6-5m-over-old-trading-practices https://www.coindesk.com/coinbase-settles-with-cf
by loceng 6y ago
From another article - https://www.coindesk.com/coinbase-settles-with-cftc-for-6-5m-over-old-trading-practices https://www.coindesk.com/coinbase-settles-with-cftc-for-6-5m... -
“Importantly, the CFTC is not alleging that any Coinbase customers were harmed or that any wrongdoing occurred. Rather, it’s describing the activity as reckless but not intentional. This activity is no longer occurring, the CFTC said Friday.”
The behaviour described otherwise is clearly intentional, so Coinbase’s PR seems to be trying to whitewash their history.
It makes me believe my hypothesis that Coinbase deliberately (through purposeful neglect or action) allows or causes the platform to become inaccessible to users when Bitcoin price starts to skyrocket - to block and prevent impulse "HODLers" from selling, allowing enough time for the impulse of many to quell, among other consequences; I'd be curious if Coinbase collects login attempt data during this time, failed logins, or if their whole website including login system is also down.