Cryptocurrency

Coinbase employee accused Cobie of spreading insider trading claim because of FTX

Zegex

coinbase employee Pete Kim Condemns prominent cryptocurrency influencers Coby Widespread insider trading allegations against Coinbase because of its partnership agreement with FTX.

Cobie said FTX’s sponsorship of UpOnlyTV never influenced his decision to press charges. He added that he has no personal interest in spreading his FUD against Coinbase.

September 8th, Grant Wright And Kim brought an update on insider trading charges and Coby’s role.

Kim hinted that Coby was paid by FTX to spread news about the incident.

FTX’s Sam Bankman-Fried allegedly learned of insider trading on Coinbase and used Cobie’s clout to spread the news.

When asked about the FTX sponsorship deal with UpOnlyTV, Cobie said the deal was to pay his employees and keep the business going and he didn’t take a cent for personal gain. I was.

The Crypto Community Reacts

Twitter users criticized Kim’s approach to instigating FUD against Cobie and FTX.

Ali Paul He added that Kim’s tactics show that Coinbase is hiding something.

Coby and the insider trading case

According to the U.S. Department of Justice, Cobie made the first public disclosure of the insider trading case on Coinbase on April 12, 2022.

Coinbase continued an investigation involving former product manager Ishan Wahi. The accused was arrested and is currently on trial at the Department of Justice.

According to Coby, insider trading occurrences on Coinbase were common 18 months before he was publicly exposed.

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