3 ms·
Alleged: BCH Insider Trading Discovered via CoinBase with Potential 8X Return
- mancerayder 9y agoUpdate: I've contacted Renshaw, shared the additional information, and he agrees that the individual he first suspected is likely not the right person. He has made his Facebook post private. If I had read that in the beginning and not at the end, there'd have been far less risk of having just wasted my time reading this. It's all circumstantial. There's insider trading but we don't know whether some random Redditer was involved.
- mankash666 9y agoJust for clarity, cryptocurrencies don't fall under the SEC's purview. Thought this is insider trading, it's not technically illegal.
- chrisabrams 9y agoJust for clarity, these actions are illegal. Also, Coinbase has to get SEC approval to list all coins. We don’t know the exact agreement but the SEC will definitely be looking to stamp someone for market manipulation here. Coinbase isn’t immune to the actions here.