Coinbase Responds to Lawsuit from BiT Global over wBTC Delisting
Market Manipulation Concerns Raised After Sun’s Departure from Coinbase
Following the recent announcement of Brian Sun’s departure from Coinbase in November, concerns have been raised about potential market manipulation. Sun, who served as the company’s Head of Institutional Sales, has a controversial history that includes being sued by the U.S. Securities and Exchange Commission.
Coinbase has stated that they are conducting a thorough investigation into the matter to ensure that all trading activities comply with regulations. The exchange emphasized their commitment to maintaining a fair and transparent market for all users.
Sun’s departure has sparked speculation about the impact on Coinbase’s future trading practices and overall market stability. Investors are advised to stay vigilant and exercise caution amidst these uncertainties.
