195 sats \ 2 replies \ @k00b 21 Jul

Someone shared this on HN and it's driving a bunch of traffic here: https://plausible.io/stacker.news?source=Hacker+News

Does it result in the new users upvoting the OP with sats? Or it's too hard for the normies to install LN wallets and fund them?

15 sats \ 0 replies \ @k00b 21 Jul

Way to hard for normies. They could come and comment without sats, but couldn't tip without sats in their account first.

Nancy Pelosi's family (or any other political scumbag) will never get in trouble for insider trading though, only the lower level serfs from the corp 🤣.

https://twitter.com/PelosiTracker_/status/1547986066782621703?s=20&t=jBcUW40227ZCbpuA-64uNg

31 sats \ 0 replies \ @k00b 21 Jul

This is a pretty fascinating read overall.

tldr Ishan Wahi was a PM on the asset listing team at Coinbase and was leaking the asset list to two friends. After a big asset listing of "dozens of assets" went live a popular crypto Twitter account noticed a single wallet purchased hundreds of thousands of dollars of the tokens the day before. Coinbase took notice and Ishan Wahi attempted to flee to India but was apprehended.

"Today I announce the first ever insider trading case involving cryptocurrency markets. Our message with these charges is clear: fraud is fraud is fraud, whether it occurs on the blockchain or on Wall Street. And the Southern District of New York will continue to be relentless in bringing fraudsters to justice, wherever we may find them.”

"As alleged, the defendants made illegal trades in at least 25 different crypto assets and realized ill-gotten gains totaling approximately $1.5 million."

ISHAN WAHI was involved in the highly confidential process of listing crypto assets on Coinbase’s exchanges and had detailed and advanced knowledge of which crypto assets Coinbase was planning to list and the timing of public announcements about those crypto asset listings. Beginning at least in August 2021 and continuing through May 2022, ISHAN WAHI was a member of a private Coinbase messaging channel reserved for a small number of Coinbase employees with direct involvement in the Coinbase asset listing process. The private channel was used to discuss, among other things, “exact announcement / launch dates + timelines” that Coinbase did not wish to share with all of its employees.

On at least 14 occasions beginning at least in June 2021 and continuing through April 2022, ISHAN WAHI knew in advance both that Coinbase planned to list particular crypto assets and the timing of Coinbase’s public announcements of those asset listings and misappropriated that Coinbase confidential information by tipping either his brother, NIKHIL WAHI, or ISHAN WAHI’s friend and associate, SAMEER RAMANI, so that they could place profitable trades in those crypto assets in advance of Coinbase’s public listing announcements.

Based on confidential information provided by ISHAN WAHI, NIKHIL WAHI and RAMANI collectively traded shortly in advance of at least 14 separate Coinbase public listing announcements concerning at least 25 different crypto assets. As a result of the insider trading scheme, NIKHIL WAHI and RAMANI collectively generated realized and unrealized gains totaling at least approximately $1.5 million.

To conceal their purchases of crypto assets in advance of Coinbase listing announcements, NIKHIL WAHI and RAMANI used accounts at centralized exchanges held in the names of others, and transferred funds, crypto assets, and proceeds of their scheme through multiple anonymous Ethereum blockchain wallets. NIKHIL WAHI and RAMANI also regularly created and used new Ethereum blockchain wallets without any prior transaction history in order to further conceal their involvement in the scheme.

On May 11, 2022, Coinbase’s director of security operations emailed ISHAN WAHI to inform him that he should appear for an in-person meeting relating to Coinbase’s asset listing process at Coinbase’s Seattle, Washington office on Monday, May 16, 2022. ISHAN WAHI confirmed he would attend the meeting.

On the evening of Sunday, May 15, 2022, ISHAN WAHI purchased a one-way flight to India that was scheduled to depart the next day shortly before ISHAN WAHI was supposed to be interviewed by Coinbase. Prior to boarding the flight, ISHAN WAHI falsely told Coinbase employees that he had already departed for India when he had not. [...] Prior to boarding the May 16, 2022 flight to India, ISHAN WAHI was stopped by law enforcement and prevented from leaving the country.

First ever?!?

12 sats \ 0 replies \ @k00b 21 Jul

Well, first ever to get caught obviously. If you read it, they did a horrible job hiding their tracks - they practically didn't attempt to hide them at all.