241–250 of 446 posts
Didn’t a handful of Coinbase employees make out like bandits before Ethereum was listed? What’s changed since then?
You might be thinking of Charlie Lee? Charlie Lee joined Coinbase, wash traded Litecoin [1] to give the appearance of wider interest and volume in order to get Litecoin listed on Coinbase, and promptly dumped all his bags at the peak. [1] https://i.redd.it/u9vhbxvr63t71.jpg
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> They are seen as a necessary (but temporary) evil to bridge the "legacy" fiat world. There is no world in which they can put that genie back in the bottle, so I really hope they don’t actually believe it’s “temporary.”
The top decentralized exchange, Uniswap, has overtaken the top centralized exhanges in liquidity depth for several major trading pairs: https://uniswap.org/blog/uniswap-v3-dominance So there is a world where centralized exchanges have far less relevance than they do today.
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The person you replied to said 'statements' not 'login details'. Are you treating these things as synonymous? I suppose if I was only required to hand over statements I could edit them.
Not login details, addresses are read only. And editing statements is fraud.
A few hypotheticals I'm curious about: 1. If Coinbase itself had purchased a bunch of coins before listing on its own exchange, would that be illegal? 2. If the employee had purchased coins that were correlated with the ones that were listed, but not the specific ones that were listed, would that be illegal?
2. Yes, since the fact that the coin was to be listed was inside information. You will be accused of insider trading if you trade correlated assets. Obviously there is a threshold somewhere, like if you have positive insider info on TSLA and you invest in a passive stock market index fund.
Wow, the indictment references [this tweet][1] that caused Coinbase to investigate the matter and ultimately led the defendant in being caught at the airport before trying to leave the country. > 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 offic…
if you think you broke the law and want to avoid arrest, stay away from the airport.
anyone who buys a ticket they get your full info and then the arrest is as easy as picking you up at the gate, nowhere to hide.
Wow, the indictment references [this tweet][1] that caused Coinbase to investigate the matter and ultimately led the defendant in being caught at the airport before trying to leave the country. > 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 offic…
How did they manage to intercept him at the airport? Are there lists for suspected criminals?
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> Why do you say insider trading is legal for non-securities? What, exactly, prohibits you from doing that? Certainly not the Securities Act of 1933 or any SEC rule. Overall maybe this is a complicated way of officially calling them securities and cleaning this mess on a higher level. At least that's what the FBI implies. However, it is not up to the FBI to decide what is a security, but rather up to the courts of la…
> Certainly not the Securities Act of 1933 or any SEC rule U.S. insider trading restrictions are creatures of common law. The ‘33 Act makes no mention of it. The same antifraud/antitheft theories enable prosecution of a Coinbase insider using their position to trade with advantage.
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The US and India have an extradition treaty ( https://www.state.gov/wp-content/uploads/2019/02/12873-India... ).
I would rate the chances of an Indian (or Pakistani, or Bangladeshi) national being able to evade capture domestically in their home country in south asia as quite high. In either country you can exist entirely in a cash-based economy with no digital records of your actual identity linked to any transactions or accounts if you put a bit of effort and thought into it. Unless the fugitive was high enough profile that i…
Not that easy in India anymore for last few years with thinks like Aadhar/PAN card and almost every bank requiring those. Even small time vendors prefer payment using phone apps these days in India.
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I would rate the chances of an Indian (or Pakistani, or Bangladeshi) national being able to evade capture domestically in their home country in south asia as quite high. In either country you can exist entirely in a cash-based economy with no digital records of your actual identity linked to any transactions or accounts if you put a bit of effort and thought into it. Unless the fugitive was high enough profile that i…
"cash-based economy with no digital records of your actual identity linked to any transactions or accounts" Not that easy in India anymore for last few years with thinks like Aadhar/PAN card and almost every bank requiring those. Even small time vendors prefer payment using phone apps these days in India.
have also seen a large number of reports of how easy it is to get a fraudulent aadhar card under a fake name, using fabricated paper documents as origins of identity, so that's a possible route
I think the likelihood of this working would also be much higher if someone relocated to a very rural location where the local economy is much more cash based. (eg: if you're from manipur, go find a medium sized town in the hills and don't draw any attention to yourself)