271–280 of 446 posts
Earlier quoted context omitted.
How did they manage to intercept him at the airport? Are there lists for suspected criminals?
often the feds will surveil someone for a long time and just wait until they try to leave the country . it makes it much easier than trying to do the arrest elsewhere. it's all electronic . You buy a ticket, show your ID/passposrt, and your info will go out.
The 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.
Hopefully they're investigating Andreessen Horowitz (a16z) pump and dump business model. https://amycastor.com/2022/05/19/a16zs-state-of-crypto-repor...
Great example of how most of the fluff around decentralized finance being more fair just because it is public and “open” is naive at best and a wolf in sheep’s clothing at worst. They claim that regulated banks are a moral evil and “wouldn’t you want something neutral and open and transparent,” conveniently forgetting that this will always favor those with money to market, attract, and sell to potential “buyers” (sca…
> the fluff around decentralized finance being more fair just because it is public and “open” is naive at best
As another commenter pointed out, the investigation was triggered by this tweet [0]. How is that not more open and fair? If there wasn't a public record of the transactions, like in traditional finance, this guy would have likely gotten away with it.
One perk of a public blockchain is that crimes like these are more transparent! A Twitter user 'discovered' the fraud a few months ago: https://twitter.com/cobie/status/1513874972552355846
The person was lazy. There are many ways to obfuscate this even when the ledger is public
This is nothing new for Coinbase employees: https://bitfinexed.medium.com/coinbase-insider-trading-litec... I recommend caution to crypto engineers - the world loves you when you make people rich, and the world might be willing to excuse shady behavior for a brief time. When things sour shady people will get what they deserve, and the metaphorical mob will come for their associates/companies.
"Do Kwon, the founder of the cryptocurrency Luna and the stablecoin TerraUSD, has reportedly been in contact with police after a possible investor in the coin “trespassed” at his home, according to a new report from South Korea’s largest newspaper, The Chosun Ilbo. Crypto News reports the investor lost roughly $1.56 million in the collapse of Luna, a claim Gizmodo could not independently verify.
An unnamed man rang the doorbell to Kwon’s apartment around 6:23 p.m. local time Thursday night, according to Chosun, and Kwon’s wife answered the door. The man reportedly asked something like, “Is your husband home?” and then proceeded to run off...
The unnamed man who arrived at Kwon’s home faces a charge of trespassing because he allegedly entered the apartment complex by slipping through a gap in the apartment building’s common door, according to Chosun. CCTV footage from the incident and surrounding area is reportedly being reviewed..."
https://gizmodo.com/luna-price-do-kwon-police-south-korea-ho...
See also: the Mt. Gox protestors who staked out the company's headquarters in Tokyo, almost a decade ago:
https://www.theverge.com/2014/2/19/5425220/protest-at-mt-gox...
Earlier quoted context omitted.
Coinbase is an awful company. I signed up for a debit card for some reason, and it immediately became a fraud target. Someone tried to use it at a restaurant in South Africa, a store in Singapore and a mobile provider in Moldova. The card was obviously compromised, and the only reason I didn’t lose money is that I didn’t make any available. So called, emailed, texted Coinbase on 5 different occasions and they never d…
Sounds like one of your accounts has compromised. Perhaps your email address?
> As a result of the insider trading scheme, NIKHIL WAHI and RAMANI collectively generated realized and unrealized gains totaling at least approximately $1.5 million. Is this a joke? Seriously. I thought this case was about people inside trading hundreds of millions of dollars.
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?