Ex-Coinbase Manager, Two Others Indicted In Alleged $1.1 Million Crypto Insider Trading Scheme
Headline from Forbes
In one instance, the ex-manager allegedly called his brother "just minutes" after receiving confirmation that a token would be listed—allowing him to buy the asset and then "almost immediately" bag thousands of dollars in profit once the announcement went live.
Forbes's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
A former Coinbase product manager and his brother, along with a Houston man, have been charged in what federal authorities described as the U.S. government’s first cryptocurrency insider trading case.
Prosecutors said the manager shared confidential information about forthcoming announcements of new cryptocurrency assets that Coinbase would allow users to trade through its exchange.
In one instance, the ex-manager allegedly called his brother "just minutes" after receiving confirmation that a token would be listed—allowing him to buy the asset and then "almost immediately" bag thousands of dollars in profit once the announcement went live.
Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.
Ex-Coinbase Manager, Two Others Indicted In Alleged $1.1 Million Crypto Insider Trading Scheme | Since Then
