The suspect, Ishan Wahi, is accused of secretly using information about which new cryptocurrencies the company was preparing to add to its exchange to then buy those coins before they were listed and the prices shot up.
An expert on tech ethics at the University of Santa Clara said the post remaining on the company blog without a byline puts consumers in a bad situation. When it was published, the blog post featured Wahi’s byline, internet records show, and it shows up in tweets from the company from March. But the byline is no longer on the post and there is no editorial note saying that it was removed.
Coinbase has faced withering criticism on Twitter about its slowness to respond to the alleged insider trading, which was first pointed out by a cryptocurrency expert with the Twitter handle @cobie in April. On Thursday he said on Twitter he pointed the issue out months before.
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