Coinbase Global Inc (NASDAQ: COIN) CEO Brian Armstrong said that his company had begun investigating inside trading on its platform much before three of its former employees were charged with fraud.
What Happened: On Thursday, former Coinbase product manager Ishan Wahi and two of his associates were arrested on charges related to insider trading.
The Department of Justice said the case was the first crypto insider trading scheme on record.
2/ As a result of our investigation we identified 3 suspects and provided this information to law enforcement. One person was a Coinbase employee who we terminated. Today, the DOJ has criminally charged this former …
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