On July 21, 2022, the U.S. Securities and Exchange Commission (SEC) commenced the first ever lawsuit charging insider trading in cryptocurrency markets. A former employee of Coinbase – a major cryptocurrency exchange – together with his brother and a friend, were arrested and charged with wire fraud in connection with a scheme to commit insider trading. The three men allegedly used confidential information about coins that were to be listed on the Coinbase exchange prior to the official listing announcement. If found guilty, they could face prison sentences of up to 20 years.
In a new study, we show … Read more