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Three Charged In First Ever Cryptocurrency Insider Trading Tipping Scheme

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by COINS NEWS 202 Views

tldr; A former product manager at cryptocurrency exchange Coinbase has been charged with wire fraud conspiracy and wire fraud in connection with a scheme to commit insider trading in cryptocurrency assets by using confidential information about which crypto assets were scheduled to be listed on the exchange. The defendants made illegal trades in at least 25 different crypto assets and realized ill-gotten gains totaling approximately $1.5 million.

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