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A comment on CFTC Orders Coinbase Inc. To Pay $6.5M Penalty. Parent comment

Re:CFTC Orders Coinbase Inc. To Pay $6.5M Penalty by tehlike on Friday March 19, 2021 @10:49PM (#26520389)
If you know who that employee is, and how litecoin got to get listed on coinbase, the story will make more sense to you.

Coinbase is playing by the rules, that's why they are not shut down but got a small fine.

All other exchanges will probably shut down and their operators might even get jail time.

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Re:CFTC Orders Coinbase Inc. To Pay $6.5M Penalty by freeAgent on Friday March 19, 2021 @11:03PM (#26520476)
It’s easy to imagine that this anonymous employee may be Charlie Lee, creator of Litecoin.
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Re:CFTC Orders Coinbase Inc. To Pay $6.5M Penalty by wmf on Friday March 19, 2021 @11:19PM (#26520558)
The timeline for people who aren't familiar with this story:

Oct 2011: Charlie Lee created Litecoin

Jul 2013: Charlie Lee went to work for Coinbase

Aug 2016: GDAX (now known as Coinbase Pro) added support for Litecoin

Aug-Sep 2016: An unnamed Coinbase employee manipulated Litecoin trading volume on GDAX

May 2017: Coinbase retail added support for Litecoin, which doubled in price immediately

Jun 2017: Charlie Lee left Coinbase (presumably having accomplished his goal of getting Litecoin listed)

Dec 2017: Charlie Lee sold all his Litecoin near the all-time high

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Re:CFTC Orders Coinbase Inc. To Pay $6.5M Penalty by tehlike on Friday March 19, 2021 @11:12PM (#26520523)
Shhh.
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