Coinbase execs slapped with insider trading lawsuit as banks get spooked
Citi slashed Coinbase stock to neutral as an insider trading lawsuit against Brian Armstrong and Marc Andreessen was made public.
Cryptocurrency news by Protos · Protos
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Show Notes
Crypto exchange Coinbase’s top executives, including chief exec Brian Armstrong and board member Marc Andreessen, participated in insider trading to avoid $1 billion in losses in the days after going public two years ago, Coinbase investors claimed in a lawsuit made public on Monday.
Listen to the article to discover the different accusations the lawsuit makes, including the board selling $3 billion in stock prior to negative news.
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