Re:Former Coinbase PM charged in cryptocurrency insider trad...
by hamter on Thursday July 21, 2022 @05:10PM
(#32185129)
yeah but it was private and presumably a pretty limited number of people knew about it at the time which narrows down the number of potential candidates pretty considerably.
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Re:Former Coinbase PM charged in cryptocurrency insider trad...
by dvt on Thursday July 21, 2022 @05:24PM
(#32185283)
There are so many other ways to do this that are infinitely harder to track. Suppose token X is going to hockey stick. You can short a derivative that shorts X. You can long a derivative that longs X. You can leverage a lending protocol that contains X. Etc.
"Buying X when X will go up" has got the be the most unsophisticated way possible one can leverage insider information. Not to mention a basically guaranteed way to get caught.