Former Coinbase Employee Charged in Alleged Insider-Trading Scheme

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Federal authorities introduced the first-ever cryptocurrency insider-trading case Thursday, accusing a former Coinbase World supervisor of tipping off his brother and a pal with confidential data, and signaling in a companion case an aggressive new push to police digital tokens.

Prosecutors in Manhattan filed wire-fraud prices in opposition to the three males, and, on the identical time, the Securities and Alternate Fee introduced a civil case in opposition to them by which it alleged that 9 cryptocurrencies, together with seven which might be at the moment out there on Coinbase, are unregistered securities.

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