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$13.03
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$0.13
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+17.24%
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$0.03
+18.36%
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$0.00
-48.26%
Render(RENDER)
$1.50
+15.94%
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$0.00
+10.26%
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$0.01
+17.49%
Bittensor(TAO)
$243.02
+9.17%
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$1.52
+8.23%
Bonk(BONK)
$0.00
+15.99%
Velo(VELO)
$0.01
-19.13%
Aster(ASTER)
$0.73
+4.76%
Brett (Based)(BRETT)
$0.03
+4.91%
Peanut the Squirrel(PNUT)
+
World Liberty Financial(WLFI)
$0.15
+3.80%
dogwifhat(WIF)
$0.31
+12.61%
Neiro (First Neiro On Ethereum)(NEIRO)
+
Insider Trading Allegations Resurface: Coinbase C-Suite Sued for $4.2 Billion in Delaware
By
Coin Edition
about 1 month ago
BRIAN
READ
BILL
CEO
CIN
- The Charge: Shareholders filed a derivative suit in Delaware, accusing Coinbase execs of selling $4.2B in stock while hiding regulatory risks.
- The Trigger: Plaintiffs allege insiders knew of a looming $100M NYDFS penalty and security breaches but sold before the news broke.
- The Mechanism: The suit claims the 2021 “Direct Listing” was strategically chosen to bypass IPO lock-ups and maximize insider liquidity.
A group of shareholders in Delaware accused crypto exchange Coinbase’s top executives of orchestrating a multi-year plan to unload stock at valuations that did not reflect the exchange’s true internal risks.
The claim targets CEO Brian Armstrong, board member Marc Andreessen and other senior insiders, and alleged that they benefited from a concealed picture of regulatory strain, security vulnerabilities and compliance gaps.
The lawsuit represents a derivat…
Read The Full Article Insider Trading Allegations Resurface: Coinbase C-Suite Sued for $4.2 Billion in Delaware On Coin Edition.
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