DOJ charges 3 on insider trading ahead of Coinbase listings

against three people on Thursday accused of trading on privileged information about which tokens Coinbase would list on its cryptocurrency exchange.

The complaint was made in collaboration with the U.S. Securities and Exchange Commission , which releasedIn nearly a year, the defendants collectively earned over $1.1 million in illegal profits by engaging in an alleged insider trading scheme that repeatedly used material, nonpublic information to trade ahead of Coinbase listing announcements," Carolyn Welshhans, of the SEC's cyber unit, said in a release.

The Wahis were arrested Thursday morning in Seattle. Ramani, who has also been charged, remains at large.

Impressive 👏

Lol, you'd think the SECGov would investigate Google Meta Twitter and Apple for misleading investors but instead...

Wow, just like Congress members.

The Indian diaspora in US has come of age. In the first insider trading case of crypto, the three young defendants, the Coinbase Chief Legal Officer Paul Grewal, the SEC Enforcement Director Gurbir Grewal - are all of Indian origin.

F*! That's as bad as SpeakerPelosi.

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