While Changpeng Zhao’s guilty plea this week came as a surprise to ordinary people, it wasn't so much for global regulators, who—for years—have been tracking and calling out Binance's illegal activities.
Nate Chastain was convicted of money laundering and wire fraud in May for using insider information while serving as OpenSea manager to front run customers.
When it should be celebrating its international expansion, Coinbase is plagued by civil suits and insider trading allegations— adding up to its battle was a consecutive quarter of negative profits.
Ex-Coinbase product manager Ishan Wahi has been sentenced to two years in prison for insider trading he had committed while working at the exchange.
The prosecution said Nathaniel Chastain used anonymous accounts to commit fraud and money laundering, resulting in a first-ever conviction of such charges in the digital asset industry.
The suit alleged that Coinbase directors knew their need to raise additional capital as early as December 2020 but chose to “deprioritize” this action.
Apart from ruling against Nathaniel Chastain's plea to avoid using the term "insider trading" during the trial, the district court judge also denied the motion to present proof and argument on compensation.
A path to resolving the U.S. SEC's insider trading charges against the Wahi brothers has opened up following an in-principle agreement between the involved parties, a move that signals a settlement.
Receipts are piling up against Binance, while boss Changpeng Zhao is in a race against time to flip the table before his empire implodes and see himself end up like FTX's Sam Bankman-Fried.
The Chamber of Digital Commerce urged to dismiss a case brought by the SEC against an ex-Coinbase employee and two others accused of insider trading, arguing it unfairly labeled crypto as securities.
To avoid the recurrence of implosions recorded in 2022, New York is keeping close tabs on the digital asset sector and carrying out system upgrades to detect illegal activities in the space.
Ex-Coinbase staffer Ishan Wahi pleaded guilty to two counts of conspiracy to commit wire fraud. He, together with his brother Nikhil and Sameer Ramani, were charged with insider trading in July 2022.
