A historic inside trading case
This is the first insider trading case from the SEC and the DOJ that is specific to cryptocurrency securities. Notably, Coinbase is not the subject of the probe. The exchange’s employee Ishan Wahi was charged with insider trading by federal prosecutors together with two other men . Coinbase’s former product manager was charged with leaking insider information to the two men. By knowing the time of upcoming listing announcements, they were able to buy crypto in advance and collect substantial profits. The Wahi brothers were arrested in Seattle earlier this Thursday.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption.
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No XRP?