Bloomberg: Coinbase executives used insider information to sell $2.9 billion in stock, avoiding over $1 billion in losses

ChainCatcher news, according to Bloomberg, Coinbase executives, including Chairman and CEO Brian Armstrong, board member Marc Andreessen, and other management personnel, sold $2.9 billion in stock using insider information just days after Coinbase went public two years ago, avoiding losses of over $1 billion. Subsequently, Coinbase management revealed that "significant negative information undermined market optimism following the company's first-quarter earnings release." (Bloomberg)