At the time of the announcement, the moderators of most of the subreddits involved with the community points program claimed to be unaware of the decision.
Yup. Anyone who received this non-public information and then traded based on that information is guilty of insider trading. I would also think that reddit has some liability here, as they shared this information to non-employees.
Doesn’t this constitute insider trading? Sincerely hope some redditor takes them to court.
Do insider trading and market manipulation laws apply to crypto, an unregulated speculative asset? This isn’t rhetorical, I’ve no idea.
Found here: https://www.sec.gov/news/press-release/2023-98
Yup. Anyone who received this non-public information and then traded based on that information is guilty of insider trading. I would also think that reddit has some liability here, as they shared this information to non-employees.