The US government is prosecuting its first ever insider trading case involving cryptocurrencies, against a former employee of the crypto exchange Coinbase and two people he allegedly tipped off.
Though the alleged scheme may have been an isolated incident, the ramifications could be much more widespread.
In addition to criminal charges brought by the US Department of Justice (DOJ) in federal court in Manhattan, the US Securities and Exchange Commission (SEC) brought civil charges for securities fraud in federal court in Seattle.
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