Your confidence in coinbase, given they are unregulated in any meaningful way, is IMO misplaced.
I think you're reading too much into my comment. I wasn't trying to claim that cryptocurrency exchanges didn't engage in shady behavior, I was only claiming that the specific accusation of "they halted trading because of liquidity issues from their pumping" didn't make any sense.
You're saying you don't think that any existing exchanges are conspiring (or have conspired) to defraud?
> there have been multiple high profile stories of very large players engaged in fraud, embezzlement, and duplicitous price fixing, and they are completely unregulated.
Doesn't this make such theories more plausible, not less?