Coinbase halts front running on non-public “insider” information with special monitoring

Coinbase is engaging new procedures and controls to prevent people from accessing information known as “insider information” and making purchases based on that data. In other words, it is cracking down on “insider trading” which is illegal and usually the province of the Department of Justice or The Securities and Exchange Commission. Coinbase is also instituting a special monitoring system to spot insider trading or leaking from within the company and may use outside firms that use blockchain forensics to trace transactions and search for links to Coinbase employees.

JEFFREY NEWMAN, A FORMER PROSECUTOR, IS A WHISTLEBLOWER LAWYER WITH THE FIRM NEWMAN & SHAPIRO REPRESENTING WHISTLEBLOWERS NATIONWIDE IN FALSE CLAIMS ACT CASES AND SEC WHISTLEBLOWER CASES. 617-823-3217 JNEWMAN@NEWMANSHAPIRO.COM