Former Coinbase PM charged in cryptocurrency insider trading tipping scheme
1–10 of 446 posts
Re: Former Coinbase PM charged in cryptocurrency insider trading tipping scheme
#2The amounts in these insider trading schemes always seem small to me. $750k per person? If I had advance knowledge of all Coinbase listing announcements I'm pretty sure I could make more than that!
Re: Former Coinbase PM charged in cryptocurrency insider trading tipping scheme
#3First ever?
Re: Former Coinbase PM charged in cryptocurrency insider trading tipping scheme
#4The amounts in these insider trading schemes always seem small to me. $750k per person? If I had advance knowledge of all Coinbase listing announcements I'm pretty sure I could make more than that!
I mean one of the dudes was flying to india. 750k is probably enough to buy some rural property there and live the rest of your life off interest. The less money, the less radar signature.
Re: Former Coinbase PM charged in cryptocurrency insider trading tipping scheme
#5The amounts in these insider trading schemes always seem small to me. $750k per person? If I had advance knowledge of all Coinbase listing announcements I'm pretty sure I could make more than that!
750k is a lot of money.
Re: Former Coinbase PM charged in cryptocurrency insider trading tipping scheme
#6The amounts in these insider trading schemes always seem small to me. $750k per person? If I had advance knowledge of all Coinbase listing announcements I'm pretty sure I could make more than that!
I mean one of the dudes was flying to india. 750k is probably enough to buy some rural property there and live the rest of your life off interest. The less money, the less radar signature.
He goofed. Should have left the country far before.
And was found out only after a random twitter account did correlations
How much more crypto employees are getting away with it?
Re: Former Coinbase PM charged in cryptocurrency insider trading tipping scheme
#7Hmm. Is this actually "insider" knowledge? I personally question the validity of this charge. This employee had knowledge of what COINBASE was going to do with the currency (ie, list it). He had no fiduciary responsibility as pertaining to the coin itself.
This is like knowing that Warren Buffer is going to say good thing about Microsoft tomorrow, and buying it today as a result (expecting it to rise). Is that actually illegal?
Re: Former Coinbase PM charged in cryptocurrency insider trading tipping scheme
#8>On May 11, 2022, Coinbase’s director of security operations emailed ISHAN WAHI to inform him that he should appear for an in-person meeting relating to Coinbase’s asset listing process at Coinbase’s Seattle, Washington office on Monday, May 16, 2022. ISHAN WAHI confirmed he would attend the meeting.
Anyone know why Coinbase would set up this meeting if they knew it was him? Was it a bluff to see if he'd flee? Or were they setting up the arrest to happen at the office? Couldn't they just have arrested him in his home?
Re: Former Coinbase PM charged in cryptocurrency insider trading tipping scheme
#9The amounts in these insider trading schemes always seem small to me. $750k per person? If I had advance knowledge of all Coinbase listing announcements I'm pretty sure I could make more than that!
750k is a lot of money.
Sure, but $7.5m is more money, and seems achievable. Dogecoin spiked 6% after its Coinbase listing announcement and Binance offers 50x leverage. And Coinbase listed 83 different things in 2021.
Re: Former Coinbase PM charged in cryptocurrency insider trading tipping scheme
#10Earlier quoted context omitted.
I mean one of the dudes was flying to india. 750k is probably enough to buy some rural property there and live the rest of your life off interest. The less money, the less radar signature.
He goofed. Should have left the country far before. And was found out only after a random twitter account did correlations How much more crypto employees are getting away with it?
Which Twitter account was it?