Yes, crypto Twitter, the FBI is reading your tweets

Illustration by Grayson Blackmon / The Verge

The FBI is said to have been influenced by Cobie into bringing the case. An indictment was brought by the US Attorney's Office for the Southern District of New York against a former employee of Coinbase, who is accused of giving his brother and his friend information about which assets were about to be listed on the platform.

Damian Williams said that this is the first case of its kind.

The employee who was charged was involved in listing newcryptocurrencies on the exchange. The company told employees to keep their mouths shut when it was announced that a new token would be listed. In October 2020, Wahi began working for the company. He was given access to a channel in August of 2021.

The indictment states that Wahi told his brother and friend which purchases to make just before the announcement of the token's listing on the platform. At least 25 assets were bought by Sameer and Nikhil.

Cobie wrote on April 12th, "I found an address that bought hundreds of thousands of dollars of token exclusively featured in the asset listing post about 24 hours before it was published, roFL." The indictment states that Cobie was talking about a wallet on the internet. On April 13th, the company's chief security officer said the company was looking into the matter.

An email was sent to Wahi in May that said he should attend a meeting. He booked a one way ticket to New Delhi. He called and sent a text to his brother. He had three large suitcases, seven electronic devices, two passports, multiple other forms of identification, hundreds of dollars in U.S. currency, and other personal effects when he was stopped by law enforcement before he could board his flight.

In April, the company made a post saying that they wanted to create a level playing field for all the new assets being created. There are concerns that some market participants may be taking advantage of information from our listings process. It also states that employees of the company may leak.

When I tweeted the "insider addr" tweet, I had been tweeting for months about how Coinbase listings/frontrunning/token choices had become a huge mess.



Coinbase "frontrunning" was widely known and acknowledged within CT.



Now, Coinbase plays "hero" catching the ~evil fraud~ ! pic.twitter.com/3zBFXXkAvS

— Cobie (@cobie) July 21, 2022

I guess that is what is important to them, that is why they updated their post today. Really?

We understand that the SEC has separately filed securities fraud charges related to this wrongdoing today. The DOJ did not charge securities fraud. No assets listed on our platform are securities, and the SEC charges are an unfortunate distraction from today’s appropriate law enforcement action.

What have we learned here? Don't do things that are against the law. Don't do them on a public ledger where anyone can see them. Third, it's clear that Coinbase is a big fan of cryptocurrencies on social media. The feds andTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkia When one of your employees is indicted for wire fraud and conspiracy to commit wire fraud, the most important time to remember is after the indictment is made public.