Former Coinbase employee charged in alleged insider-trading scheme

Federal authorities on Thursday brought the first ever cryptocurrency insider-trading case, alleging the former coinbase global The manager giving confidential information to his brother and a friend and in a companion case the police signal an aggressive new push for digital tokens.

Prosecutors in Manhattan filed wire-fraud charges against three men, and at the same time, the Securities and Exchange Commission brought a civil case against them alleging that nine cryptocurrencies, including seven currently available on Coinbase, were unregistered. are securities.