Coinbase (NASDAQ:) CEO and co-founder Brian Armstrong offered his inventory a day earlier than the U.S. Securities and Alternate Fee (SEC) sued the trade for violating securities legal guidelines. The deal prompted a minor stir in Twitter’s crypto world, as Armstrong averted a big loss by doing so.
SEC information present Armstrong reportedly offered 29,730 shares of the corporate on June 5, the day earlier than the SEC lawsuit.of coinbase Inventory costs plummeted On the day of litigation, the preliminary drop was 20%.
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