In other words one person out of thousands who are pump and dumping shitcoins is charged with insider trading. They should take a look at some social media to see the pump and dump groups that are scamming people on a daily basis.
In any case, what's up with all these negative Coinbase news that keeps coming out recently? It's not like these things haven't been going on from the start of the company.
Topic: Former Coinbase employee charge with insider trading. - page 2. (Read 503 times)
Bad thing is that this is a normal thing in the financial sector and is unlikely to be weeded out. Good thing is, things like this are not being swept under the rug and are being reported. Well, at least the ones we know about. It always raises the question of how many there are that just fly under the radar. Like that American stock broker in Japan, I think back in the 90s that didn't get discovered until he made it possible to get discovered and was doing it for years and years.
It is illegal and we can see traces of illegal trades, pumps from internal news-leaked tradings. Such pumps are unorganic and unatural.
Doing it and get caught are terrible. Not sure from which this case was investigated and finally get caught. It is a single case and is a negative news in already bad bear market with extremely negative sentiment. However if you think it as how the market is cleaned and improved to be better, it is actually a very positive news. If in future, we have more news like this, the crypto market will become a healtheir one.
Doing it and get caught are terrible. Not sure from which this case was investigated and finally get caught. It is a single case and is a negative news in already bad bear market with extremely negative sentiment. However if you think it as how the market is cleaned and improved to be better, it is actually a very positive news. If in future, we have more news like this, the crypto market will become a healtheir one.
Most definitely not the first time, but probably the first time when talking about a decently-sized public company.
Insider trading aside, the entire Coinbase asset listing team should be fired. Their listings are just absolutely and unbelievably horrendous.
Insider trading aside, the entire Coinbase asset listing team should be fired. Their listings are just absolutely and unbelievably horrendous.
https://www.justice.gov/usao-sdny/pr/three-charged-first-ever-cryptocurrency-insider-trading-tipping-scheme
A former employee of Coinbase, ISHAN WAHI has been accused of insider trading. Wahi used to work as product manager assigned to a Coinbase asset listing team, so has inside knowledge as which coins are going to be listed soon.
He then used his product with confidential information and share this to his brother NIKHIL WAHI, and an associate, SAMEER RAMANI. And they collectively gained $1.5 million approximately.
What do you think of this case? I'm not sure if this is the first time we have heard "insider trader" in cryptocurrency.
Will this set a precedence?
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