Insider Trading Suspicions and Shafted Token Holders at the Heart of Latest Coinbase Controversy

Coinbase is betting big on fixing one of crypto’s oldest headaches: the initial coin offerings (ICOs) that fueled the 2017 boom and left a trail of rug pulls in their wake. However, the exchange’s latest acquisition has illustrated some of the underlying issues that still plague this aspect of the crypto market.

Coinbase has agreed to snatch up Vector, which is a Solana-based trading platform cooked up by the team behind the Tensor NFT marketplace. The deal is intended to improve…