Coinbase (NASDAQ:) CEO and co-founder Brian Armstrong offered shares within the firm the day earlier than the U.S. Securities and Alternate Fee (SEC) filed a lawsuit in opposition to the change for violating the regulation. on securities. The transaction brought on a slight stir within the Twitter cryptoverse, as Armstrong averted a steep loss by doing so.
SEC filings to point out that Armstrong offered 29,730 shares of the corporate on June 5, the day earlier than the SEC lawsuit. Coinbase the inventory worth fell on costume day, with an preliminary drop of 20%.
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