Coinbase Insider Trading: Litecoin Edition

Bitfinex’ed
Jan 10, 2018 · 6 min read

Charlie Lee and Coinbase

Litecoin Markets subreddit on March 2017. Nobody was posting.
Uploaded April 12th, 2017 Source (Archive)

Problem 4: Nobody was using Litecoin!

Source (Archive)

Segwit Upgrade was not a legitimate catalyst for Litecoin price rising.

Time is 18:17 UTC Source
The time of this Tweet is April 5th, 2017 at 14:15 UTC Source (Archive)
Suspicious activity few days prior to announcement on March 30th, 2017
Source (Archive)

Charlie Lee liquidates his Litecoins

Source (Archive)
Archive
Source (Archive)
Charlie Lee executes his sell on December 20th, 2017.
Dramatic increase on December 8th.
Source (Archive)
A trader successfully withdraws Litecoin after Bitfinex refused to allow him to withdraw his money.
A trader successfully trades for Litecoin after Bitfinex refused to allow him to withdraw his money.
Steam does not accept Litecoin, or any other crypto-currency at the moment.

Conclusion

Bitfinex’ed

Written by

Blog for @Bitfinexed on Twitter. Exposing possible fraud by largest Bitcoin exchange, Bitfinex/Tether

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