Insider trading Financial News

NEIRO, a meme coin launched on the Solana blockchain, is under scrutiny following allegations of insider trading and market manipulation.

Following its second airdrop, Mystiko Network has been entangled in insider trading allegations and has raised questions about the fairness and transparency of its token distribution.

Italy plans to adopt measures to beef up surveillance over risks tied to cryptoassets, including high fines for those who manipulate the market, a draft decree reviewed by Reuters showed on Thursday. The decree, due to be approved by cabinet later on Thursday, lays out fines of between 5,000 and 5 million euros ($5,400-$5.4 million) for insider trading, unlawful disclosure of inside information or market manipulation.

Nathaniel Chastain, a former manager at the non-fungible token (NFT) marketplace OpenSea, has made the decision to serve his three-month prison sentence for insider trading while his appeal is still pending.

Nate Chastain, the ex-head of product at NFT platform OpenSea, has been sentenced to three months in prison for profiting tens of thousands of dollars through insider trading of assets showcased on the platform's homepage.

product manager for Coinbase Global Inc and his brother have agreed to settle U.S. Securities and Exchange Commission (SEC) charges related to insider trading of crypto asset securities. The SEC said Ishan Wahi and his brother, Nikhil Wahi, agreed to settle civil charges that they engaged in a scheme to trade ahead of multiple announcements regarding at least nine crypto asset securities that would be made available on Coinbase's platform, the regulator said in a statement. «While the technologies at issue in this case may be new, the conduct is not,» said SEC's enforcement director Gurbir Grewal. A lawyer for Ishan Wahi declined to comment on the settlement. He previously pleaded guilty to related criminal charges that he tipped off his brother Nikhil and a friend with confidential information about digital assets that would be listed on Coinbase, one of the world's largest crypto exchanges.

A former Coinbase product manager was sentenced to two years in prison in a one-of-a-kind insider trading case. 

A former employee of major cryptocurrency exchange Coinbase has pleaded guilty to insider trading, marking the first crypto-related insider trading case in the US.