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Will Gendron

The Coinbase insider trading hole may run deeper than we thought

Coinbase, one of the largest crypto trading platforms, is in a transitional period. Despite mass layoffs in the face of widespread market insecurity, the company has secured big-name partnerships with the likes of BlackRock and Meta. But those partnerships may belie some seedy secrets.

Around the announcement of the BlackRock partnership, Ishan Wahi, an executive at Coinbase, along with his brother and friend, were charged with the first federal case of insider trading related to digital assets. A new research paper from the University of Technology Sydney (UTS) suggests that this specific case may just be the tip of the iceberg.

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