Coinbase Must Face Negligence Suit Over Bitcoin Cash Listing, Judge Rules
Coinbase will have to face a negligence lawsuit from customers who bought bitcoin cash during the 2017 bull run, a judge ruled.
Lawsuit
A backer of Telegram's blockchain project asked Circle's Poloniex exchange to list the gram token before the SEC halted issuance, court papers show.
Telegram is pushing back against the U.S. Securities and Exchange Commission (SEC).
The SEC produced evidence that Telegram kept selling tokens after its ICO, undermining the firm's argument that the sale was exempt from registration.
The complaint alleges the Calibra logo is too similar to Current’s, which the fintech firm has been using since August 2016.
The judge overseeing the ongoing lawsuit against Craig Wright, who claims to have invented bitcoin, shot down a motion challenging the court's jurisdiction over the suit.
