4 ms·

Didn’t a handful of Coinbase employees make out like bandits before Ethereum was listed? What’s changed since then?

by biggc 4y ago

bhouston 4y ago
Please explain!
- tpxl 4y ago
  When a coin gets listed its price generally goes up.
rvz 4y ago
> Didn’t a handful of Coinbase employees make out like bandits before Ethereum was listed? I'm interested in this 'claim', Any source for that?
O__________O 4y ago
Given the article explicitly covers the topic of an employee exploiting prior knowledge of what coins were going to be listed and when - clear the investigators were aware of the potential for this; if others were doing it, they must have done it in a way that was not obvious. If you have specific verifiable information, hire an attorney and use them to file a SEC whistleblower report. If your evidence leads to enforcement actions that are subject to their jurisdiction and the fines collected are over one million, you will anonymously get 10-30% of the fines they collect.
Ave 4y ago
You might be thinking of Charlie Lee? Charlie Lee joined Coinbase, wash traded Litecoin [1] to give the appearance of wider interest and volume in order to get Litecoin listed on Coinbase, and promptly dumped all his bags at the peak. [1] https://i.redd.it/u9vhbxvr63t71.jpg https://i.redd.it/u9vhbxvr63t71.jpg
- anewpersonality 4y ago
  Let's admit the true problem of crypto is allowing sociopathic nerds to act as if they will not face consequences.
  - ffggvv 4y ago
    99.9% haven't
- lawn 4y ago
  The best part of the story is the fervour that supporters defended his decision to dump his bags, because "it was good for the coin" or something.
- deleted 4y ago
  [deleted]
- skylabmelody 4y ago
  Charlie Lee made all his fortune from selling his Bitcoin and Ethereum the rest is marginal. His track record regarding the launch, support and development of Litecoin is impeccable and rather unique in the space. Even half a decade after having no stake in the game he's still dedicating his life to promote and develop Litecoin.
therein 4y ago
As far as I know Coinbase employees had leverage enabled for them when BCH was listed and they knew the whole trajectory.

Didn’t a handful of Coinbase employees make out like bandits before Ethereum was listed? What’s changed since then?

by biggc 4y ago

Didn’t a handful of Coinbase employees make out like bandits before Ethereum was listed? What’s changed since then?

bhouston 4y ago

Please explain!

tpxl 4y ago
When a coin gets listed its price generally goes up.

rvz 4y ago

> Didn’t a handful of Coinbase employees make out like bandits before Ethereum was listed? I'm interested in this 'claim', Any source for that?

O__________O 4y ago

Given the article explicitly covers the topic of an employee exploiting prior knowledge of what coins were going to be listed and when - clear the investigators were aware of the potential for this; if others were doing it, they must have done it in a way that was not obvious. If you have specific verifiable information, hire an attorney and use them to file a SEC whistleblower report. If your evidence leads to enforcement actions that are subject to their jurisdiction and the fines collected are over one million, you will anonymously get 10-30% of the fines they collect.

Ave 4y ago

You might be thinking of Charlie Lee? Charlie Lee joined Coinbase, wash traded Litecoin [1] to give the appearance of wider interest and volume in order to get Litecoin listed on Coinbase, and promptly dumped all his bags at the peak. [1] https://i.redd.it/u9vhbxvr63t71.jpg https://i.redd.it/u9vhbxvr63t71.jpg

anewpersonality 4y ago
Let's admit the true problem of crypto is allowing sociopathic nerds to act as if they will not face consequences.
- ffggvv 4y ago
  99.9% haven't
lawn 4y ago
The best part of the story is the fervour that supporters defended his decision to dump his bags, because "it was good for the coin" or something.
deleted 4y ago
[deleted]
skylabmelody 4y ago
Charlie Lee made all his fortune from selling his Bitcoin and Ethereum the rest is marginal. His track record regarding the launch, support and development of Litecoin is impeccable and rather unique in the space. Even half a decade after having no stake in the game he's still dedicating his life to promote and develop Litecoin.

therein 4y ago

As far as I know Coinbase employees had leverage enabled for them when BCH was listed and they knew the whole trajectory.