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21 Jul 2022 20:00:50 UTC
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7557a0edc67b2d9311a6a976e855a3244408367180d7354927b7a43729e74b11
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Coinbase Insider Trading Scandal #shorts
A former Coinbase executive, his brother and a friend were arrested and charged with wire fraud by the US Attorney's Office in Manhattan. This is the first ever crypto insider trading scandal. Each count of wire fraud is punishable up to 20-years in prison and up to a $250,000 fine.

On the same day, the SEC also filed a civil complaint against the three in the federal district court in Seattle. The SEC says that the three violated the antifraud provisions of the securities laws.

The tokens in question are: TRIBE, XYO, ALCX, GALA, ENS , and POWR

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#bitcoin #cryptocurrency #crypto #ethereum #news #today #stocks #coinbase #scandal #trading #insider
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