Former Coinbase PM charged in cryptocurrency insider trading tipping scheme
He's just a scapegoat, it's been going on for years and you can easily verify it, just check when any coin/token has been listed on Coinbase (the twitter announcement, from the Coinbase pro account since that's where they usually got listed first), then check the price for that time period, the price usually starts increasing a week before.Add this to them blocking withdrawals for assets whenever these assets start pumping on other exchanges and lots of people try to withdraw at the same time, and multiple other shady practices most exchanges do (but not all, for example Kraken has been decent for quite some time and are one of the few exchanges that are pro transparency when it comes to their reserves) and you get yourself Finance 2.0, where the few are allowed to prey on the many, and you can't compete with the few (for example when Arthur Hayes was kicked out and replaced by Sam Bankman Fried).