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Coinbase Tipped Law Enforcement on Executive Suspected of Crypto Insider Trading, Says CEO Brian Armstrong

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by COINS NEWS 116 Views

tldr; Coinbase CEO Brian Armstrong says the exchange informed authorities about a suspected insider tipping scheme involving a former employee. Former product manager Ishan Wahi tipped his brother, Nikhil Wahi, and his friend, Sameer Ramani, of the firm’s upcoming public listing announcements, which include information about new crypto assets the platform will be supporting. The brothers allegedly bought at least 25 crypto assets and sold them for profit.

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