Re: [List] Crypto exchanges with financial problems

Quote from: Husires on June 11, 2022, 08:46:34 PM

...Coinbase Lay Off 18% of Workers

.......Coinbase reported a $430 million net loss in the first quarter, or $1.98 per share, Revenue was down as trading volumes fell, and active monthly users declined 19% from the fourth quarter.

Looks like some of those workers have been busy selling insider information:

Quote

https://www.reuters.com/technology/us-charges-former-coinbase-product-manager-over-insider-trading-scheme-2022-07-21/
NEW YORK, July 21 (Reuters) - A former product manager at Coinbase Global and two others have been charged with wire fraud in the first insider trading case involving cryptocurrency, U.S. prosecutors in Manhattan said on Thursday.

Ishan Wahi, the product manager at the cryptocurrency exchange, and his brother Nikhil Wahi were arrested on Thursday in Seattle.

This is not the first time Coinbase is being charged for insider trading. This happened before in BCH listing (https://techcrunch.com/2017/12/19/coinbase-inside-information-bitcoin-cash-launch/)