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On May 26, the trader known as GCR was allegedly hacked, possibly by the team behind the Solana-based meme coin CAT, as suggested by onchain sleuth Zachxbt. Prior to the hack, an address linked to CAT’s team used funds from a manipulated token launch to open long positions in ORDI and ETHFI, accumulating over $30,000 … Read more
The attorneys representing Nathaniel Chastain informed the court that Chastain will self-surrender on Nov. 2 to begin serving his sentence. Go to Source
After the second largest bank failure in history, the U.S. Securities and Exchange Commission (SEC) is reportedly investigating First Republic Bank executives for allegedly engaging in insider trading. Two sources have claimed that the securities regulator is scrutinizing the bank’s executives for making trades using confidential information. Although the sources have not named any specific … Read more
Prosecutors claimed Nathaniel Chastain profited from inside information as to which NFTs would be featured on the marketplace. Go to Source Powered by WPeMatico
The brother of a former Coinbase employee allegedly profited from an insider trading scheme and now has 20 years to repay the funds. Go to Source Powered by WPeMatico
ARK Invest purchased 269,928 shares in Coinbase on March 23, only two days after it sold $13.5 million, its first sale of Coinbase shares this year. Go to Source Powered by WPeMatico
The Chamber of Digital Commerce has accused the SEC of trying to impose securities regulations via the “back door” of an insider trading lawsuit. Go to Source Powered by WPeMatico
Another member of Sam Bankman-Fried’s inner circle allegedly plans to plead guilty to criminal charges for his role in the alleged fraud that occurred at the cryptocurrency exchange FTX. According to unnamed sources familiar with the matter, Nishad Singh, FTX’s former director of engineering, is attempting to negotiate a deal with New York prosecutors. Sources … Read more
The first-ever case of crypto insider trading highlights the need for reforms from exchanges to keep track of their employee’s trade activities. Go to Source Powered by WPeMatico
The attorneys for brothers Ishan and Nikhil Wahi want the case thrown out, arguing that the Securities and Exchange Commission was wrong when it charged the pair. Go to Source Powered by WPeMatico
