The U.S. Attorney’s Office for the Southern District of New York on Thursday announced that a former employee at the cryptocurrency platform Coinbase has been charged in an insider trader tipping scheme after allegedly sharing confidential information about which crypto assets were going to be listed on Coinbase exchanges.
Prosecutors say the case, which involves at least $1.5 million in realized and unrealized gains, is the first time charges have been brought in an insider trading tipping scheme involving cryptocurrency.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]