Media: SEC began checking crypto -rhinomas for insider trade

The US Securities and Exchange Commission (SEC) initiated an investment of insider trading on cryptocurrency exchanges. Fox Business writes about this.

A familiar with the activity of the SEC, the source said that the regulator requested information about measures to combat such practices from one of the large platforms. According to the interlocutor, other exchanges received a similar notice.

The publication claims that the commission began checking after the collapse of the terra ecosystem. In early June, the media reported on the SEC investigation against the algorithmic stablecoin Terrausd (UST).

The partner of the law firm Hogan & Hogan Jeremy Hogan in the commentary said that the regulator’s request “makes sense, taking into account the recent emphasis of the SEC on the regulation of exchanges in order to protect consumers.”

In September 2021, Bloomberg announced CFTC plans to check Binance for insider trade and market manipulations.

In the same month, the host of the NFT marketplace Opensea broke out labor relations with an unnamed employee involved in fraud. This moment coincided with the departure from the company of the Marketplais MarketPleis Products – previously one of the Twitter users suspected him to use data on the placement of tokens on the main page for his own benefit.

In June 2022, the authorities accused Chastein of fraud and laundering of money in a scheme with insider trading on the NFT marketplace. He can face up to 40 years in prison.

Recall that in the spring The Wall Street Journal wrote about a group of investors who received significant profits thanks to insider information about upcoming listing on Binance, Coinbase and FTX.

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