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Philip Martin
@SecurityGuyPhil
1/ As promised, I’m now able to share an update on this investigation. As I noted previously, this kind of investigation is not quick, but is critical to maintaining a level playing field.
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Philip Martin
@SecurityGuyPhil
Replying to @cobie
Thanks, @cobie. My team has been investigating since yesterday. Investigations like this are not quick or simple but they are critical to determining the context surrounding those on-chain movements. Transparency is also key, so I will share any findings as soon as we are able.
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Philip Martin
@SecurityGuyPhil
2/ During our investigation, we identified a Coinbase employee who we suspected improperly shared confidential information about Coinbase’s asset listings. We also identified two non-Coinbase individuals this person appeared to be working with.
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Philip Martin
@SecurityGuyPhil
5/ We are committed to doing our part to ensure that all market participants have access to the same information, which is critical to advancing our mission of promoting economic freedom. We do not hesitate to take action when we find wrongdoing.
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Philip Martin
@SecurityGuyPhil
6/ We strongly urge others in the space to hold themselves to these same standards, even if it might be difficult at first. Trust is never given - it is earned.
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