SEC Slaps Former Coinbase Manager With Insider Trading Charges — Identifies 9 Crypto Tokens as Securities – Regulation Bitcoin News

SEC Slaps Former Coinbase Manager With Insider Trading Charges — Identifies 9 Crypto Tokens as Securities

The U.S. Securities and Exchange Commission announced Thursday “insider trading charges against a former Coinbase product manager, his brother, and his friend.” “Nikhil Wahi and Ramani allegedly purchased at least 25 crypto assets, at least nine of which were securities, and then typically sold them shortly after the announcements for a profit. The long-running insider trading scheme generated illicit profits totaling more than $1.1 million,” the SEC noted.are AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX, and KROM.

Ishan Wahi and Nikhil Wahi were arrested Thursday morning in Seattle, Washington. However, Sameer Ramani remains at large.Just last month, I announced the first-ever insider trading case involving NFTs, and today I announce the first-ever insider trading case involving cryptocurrency markets.

Waiting to arrest the rest of the Coinbase fraudsters .

First were USDC not-so-rumors, then halted withdrawals and now this? Coinbase is like house of cards, lol

good

Coinbase has been inside trading for a loooong time, anyone remember the funny business with BitcoinCash and Coinbase?

This is why i've never used Coinbase, or trusted anyone at Coinbase...

As Max Keiser says, 'Now for the other 20,000'.

The SEC has no official authority here since it never created any meaningful cryptoregulation. At least the CFTC acknowledges the issue.

Oh, I didn’t know Nancy P and her husband working for Coinbase…

What are the 9 securities? There’s nothing on that issue?

😒🇬🇭

Insider trading, how many customers have been hurt?

I thought cryptocurrencies were worthless, how can there be charges.

List on coinpaprika 🚀 ChangpumpZhaoge bsc Bitcoin BNB

How did they do thiss

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