The latest drama featuring Coinbase is here. Since they funded the lawsuit challenging Tornado sanctions, they took credit for that but one of their employees took the celebrations way too far. Coinbase' Head of Engineering Peter Kim posted a thread where he claimed Coinbase is the only exchange that "does not trade against you, front-run you, and give you the short end of the stick" Thats pretty rich coming from an exchange that just last month had its employees arrested for insider trading... The shit show doesn't stop here. Someone of course pointed out the insider trading claims to this fella, to which he said "never generalize based on the actions of a few bad apples" and then questioned who paid Cobie to expose the insider trading. He pretty much alleged FTX paid Cobie.. Now some background: FTX sponsors one of Cobie's popular podcasts. Around March, Cobie noticed a wallet buying a bunch of coins that Coinbase was about to add. At that time, Coinbase promised to investigate the incident. It ended with DOJ busting couple of Coinbase employees for insider trading, who have since been fired from Coinbase. In response to the Coinbase employee above, Cobie shared a screenshot where he was in a call with the CEO of Coinbase, right around the time these insider trading activities were reported by Cobie. Cobie: Would be kinda fun to nuke everyone, happy to be given a reason This Coinbase employee's behaviour has drawn stern rebuttals, including from Ari Paul. Cobie later said Coinbase even offered Cobie a job to expose insider trading and other such issues, to which Cobie said he would report them for free. [link] [comments] |
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