Coinbase BCC: Accused of insider trading!

The CEO of Coinbase, the biggest U.S. cryptocurrency exchange, said the company is conducting an investigation into unusual trading activity that preceded its distribution of Bitcoin Cash on Tuesday evening.

The decision came after Coinbase was forced to halt trading of the newly listed Bitcoin Cash—a copycat version of bitcoin created this summer—after its price briefly soared to more than $8,000, a value more than twice what was listed on other exchanges on Tuesday.