In the midst of the outcry caused by the poorly executed launch of Bitcoin Cash on popular cryptocurrency exchanges Coinbase and GDAX, major BCH proponent and CEO Roger Ver has added to the current confusion with a potentially controversial tweet.

As allegations of insider trading surge, Ver has come forth with a completely unexpected take on the situation, tweeting the following:

Prior to the announcement of the BCH launch on Coinbase and GDAX yesterday, the price of Bitcoin Cash began to surge on several exchanges. After BCH was opened for trading on Coinbase, allegations of insider trading began to surface. Many suggested that Coinbase employees, in anticipation of the launch, may have bought the cryptocurrency at lower prices on other exchanges, anticipating a price spike following the announcement.

BCH trading was halted shortly after it commenced, owing to “significant volatility” – the cryptocurrency was trading at a premium (around $9,000) compared to other exchanges (where its price was a little above the $3,000 mark). 

Following the suspension of trading, Coinbase CEO Brian Armstrong released a blog post which addressed the rising cries of foul play among investors. Clarifying that the exchange has “internal trading and confidentiality policies” in place, Armstrong stated that all employees and contractors had been “explicitly prohibited from trading Bitcoin Cash and from disclosing our launch plans over a month ago”.

However, the blog post goes on to state that an investigation will be carried out:

“Given the price increase in the hours leading up the announcement, we will be conducting an investigation into this matter. If we find evidence of any employee or contractor violating our policies — directly or indirectly — I will not hesitate to terminate the employee immediately and take appropriate legal action.”

Insider trading, according to the U.S. Securities and Exchange Commission, is an illegal activity which involves buying or selling “in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information”. This, in turn, undermines investor confidence in the “fairness and integrity” of the market. Though the SEC’s definition pertains to securities, a category which cryptocurrencies do not fall under, the principle still applies.

While BCH trading on GDAX has since resumed, there are no updates on the investigation into insider trading, and Ver’s tweet, which is in direct opposition to Armstrong’s statement, is likely to add fuel to the fire.