Yes, Crypto Twitter, the FBI is Reading Your Tweets

It appears that a crypto Twitter user named Cobie influenced the FBI into bringing an insider trading case. From a report: The US Attorney's Office for the Southern District of New York is bringing an indictment against a former Coinbase employee, who allegedly tipped his brother and his buddy about which assets were about to list on Coinbase -- leading to $1.5 million in "realized and unrealized gains," according to the indictment. This is the first insider trading case involving cryptocurrency markets, says U.S. Attorney Damian Williams, in a statement.

Ishan Wahi, the Coinbase employee who was charged, was involved in listing new crypto assets on Coinbase's exchange. When Coinbase announces that a new token will be listed, that token often pops in value -- which means that the company told employees to keep silent about Coinbase's listing plans. Wahi started working for Coinbase in October 2020. In August 2021, he was allowed access to a channel where Coinbase employees discussed listing new projects with details like "exact announcement / launch dates + timelines."

Re:

[splutty]

Be.e.et conne.e.e.e.e.e.ct!

Posting on Twitter is like using a blow horn...

[Hey_Jude_Jesus]

in a park or publishing in a newspaper. Anyone can read your message and if it is evidence of a crime then you can be prosecuted with that information. If you rob a bank then post a picture of the money and post I just robbed the main street bank on twitter or usenet that can be used against you, too.

Re:Posting on Twitter is like using a blow horn...

[Entrope]

In this case, "Cobie" was posting essentially as a whistleblower:

On April 12th, Cobie tweeted, "Found an ETH address that bought hundreds of thousands of dollars of tokens exclusively featured in the Coinbase Asset Listing post about 24 hours before it was published, rofl." According to the indictment, Cobie was tweeting about a wallet owned by Ramani. On April 13th, Coinbase's chief security officer replied to the tweet to say the company was investigating.

Noise

[bill_mcgonigle]

heh, no noise in the purchase produced a clear signal.

he probably could have gotten away with 60%.

Re:

[account_deleted]

Comment removed based on user account deletion

I will say it again

[jmccue]

Cell Phones are not secure, no matter what big tech says.

And that goes with the big social media sites. You want secure ? Use usenet and IRC with some form of of tunnel or tor.