An ex-bank examiner and senior manager at the Federal Reserve Bank of Richmond (FRBR) could spend decades behind bars for using confidential information to trade shares of US banks. The U.S. Justice Department (DOJ) says former FRBR senior official Robert Brian Thompson has pleded guilty to one count of insider trading and one count of […]
The post Senior Fed Official Pockets $770,000 in Insider Trading Scheme, Faces 25 Years in Prison: US Department of Justice appeared first on The Daily Hodl.
A court in China has ruled in favor of Justin Sun in his defamation lawsuit against the Chongqing Business Media Group. In its verdict, the court stated that claims of Sun’s involvement in insider trading, fraud, and money laundering were “entirely unsubstantiated.” The Chongqing Business Media Group subsequently removed all of its false content and […]
Italy is taking steps to enhance surveillance of crypto assets and address associated risks. According to a draft decree reviewed by a news agency, the plan includes imposing high fines on those who manipulate the market. The fines range from $5,400-$5.4 million (€5,000 to €5 million) for offenses such as insider trading, unlawful disclosure of […]
Tuttle Capital is using U.S. lawmakers’ mandatory stock disclosure filings to back the strategy of its newly proposed ETF.
Exchange-traded fund (ETF) issuer Tuttle Capital has filed a new ETF that aims to track and invest in stocks held by members of the United States Congress or their spouses.
The “Tuttle Capital Congressional Trading ETF” is proposed as an actively managed ETF investing in Congressional member stock picks as reported in mandatory public disclosure filings, according to a June 11 regulatory filing.
The filings are made under the Stop Trading on Congressional Knowledge (STOCK) Act — enacted in 2012 to prevent U.S. lawmakers from using inside information from their positions for personal benefit.
Reports indicate that the online brokerage platform Etrade might be considering removing Keith Gill, known as Roaring Kitty, due to concerns about Gamestop (GME) manipulation. The Etrade news emerged after Gill posted a screenshot of his Etrade account, displaying $65.7 million in Gamestop call options and $115 million in GME shares. The topic has sparked […]
On May 26, the trader known as GCR was allegedly hacked, possibly by the team behind the Solana-based meme coin CAT, as suggested by onchain sleuth Zachxbt. Prior to the hack, an address linked to CAT’s team used funds from a manipulated token launch to open long positions in ORDI and ETHFI, accumulating over $30,000 […]
Binance will pay up to $5 million to anyone who can unearth corruption in the exchange’s crypto asset listing process, according to the company’s co-founder. On Monday, the top global crypto exchange announced it would list Ronin (RON), a gaming-focused Ethereum (ETH) sidechain. The asset, however, had already surged 100% in price over the past […]
The post Binance Co-Founder Says up to $5,000,000 Rewards Available for Information on Pre-Listing Insider Trading appeared first on The Daily Hodl.
The attorneys representing Nathaniel Chastain informed the court that Chastain will self-surrender on Nov. 2 to begin serving his sentence.
A former manager at nonfungible token marketplace OpenSea sentenced to three months in prison for insider trading has opted to serve the sentence while his appeal is pending.
On Sept. 6, Nathaniel Chastain’s lawyers filed a letter with a New York District Court informing the judge that Chastain decided to withdraw his application for bail pending appeal.
As a result, per the court's previous order and judgment, Chastain will self-surrender by Nov. 2 to begin serving his sentence while his appeal is pending.
Chastain, a former OpenSea product manager, was convicted on May 3 on counts of wire fraud and money laundering and on Aug. 22 was sentenced to three months in prison for offenses relating to insider trading on the NFT platform.
He was also ordered to pay a $50,000 fine and forfeit any ill-gotten crypto he made from trading on OpenSea.
Related: OpenSea manager accused of insider trading sentenced to 3 months in prison, $50K fine
Chastain had control over which NFTs and collections would be featured on OpenSea’s homepage — greatly increasing their visibility and possibly impacting their price.
He’s alleged to have purchased 45 NFTs prior to featuring them on the homepage and then reselling them for a profit once their prices had increased.
Prosecuting attorney Allison Nichols argued at the time that Chastain knew he was breaking the law by using anonymous OpenSea accounts to make the trades.
Magazine: How to protect your crypto in a volatile market: Bitcoin OGs and experts weigh in
A group of disgruntled Dogecoin (DOGE) holders are reportedly seeking to amend a class action lawsuit against Elon Musk. The class action lawsuit was originally filed against billionaire Twitter CEO Elon Musk in June of 2022 to include allegations of insider trading. According to Reuters, the investors claim financial losses as a result of the […]
The post Twitter CEO Elon Musk Accused of Insider Trading in Amended Dogecoin (DOGE) Class Action Complaint: Report appeared first on The Daily Hodl.
Former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi, just reached an agreement with the U.S. Securities and Exchange Commission (SEC) to settle charges arising from an insider trading scheme involving crypto assets. In July of 2022, the SEC filed a complaint accusing Ishan Wahi of giving his brother and a friend, Sameer […]
The post Ex-Coinbase Executive and His Brother Reach Settlement With SEC on Crypto Insider-Trading Charges appeared first on The Daily Hodl.
