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.
[ Parent
| on HN ]
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