Coinbase says no wrongdoing in Bitcoin Cash insider trading probe

This investigation takes place after the prices of crpto's was surged in December.
Last December, Coinbase halted trading of Bitcoin Cash just hours after it unexpectedly announced the addition of the cryptocurrency to its platform. The company, which initially said it wouldn't support Bitcoin Cash, a hard fork of Bitcoin, reversed its position, later saying it would add the currency by January 1st, 2018. Surprising many, it then announced access to Bitcoin Cash on December 19th, but the currency had already begun experiencing a price surge in the hours before the announcement, leading many to speculate that Coinbase employees who knew about the addition ahead of time had started buying up Bitcoin Cash in expectation of a price increase once Coinbase officially announced its availability. Accusations of insider trading led Coinbase to launch an investigation into the matter, which has now been wrapped up.

A spokesperson told Fortune that the months-long investigation conducted by two national law firms concluded last week and no evidence of wrongdoing was found. "We would not hesitate to terminate an employee or contractor and/or take appropriate legal action if evidence showed our policies were violated," the spokesperson told Fortune. "We can report that the voluntary, independent internal investigation has come to a close, and we have determined to take no disciplinary action."