In a yet-to-be peer reviewed paper titled "Insider Trading in Cryptocurrency Markets," researchers at University of Technology Sydney found that 10% to 25% of new token listings on Coinbase were front-run by insiders. “Our analysis shows significant price run-ups before official listing announcements, similar to prosecuted cases of insider trading in stock markets,” said  Ester Félez-Viñas,Luke Johnson and Tālis J. Putniņš.  “These findings point to cryptocurrency markets being susceptible to the same forms of misconduct that regulators have for a long time grappled with in traditional financial markets.” Last month, the U.S.  Department of Justice arrested Ishan Wahi, a former Coinbase product manager and two of his associates on insider trading charges of crypto tokens on Coinbase. Following the arrests, Coinbase CEO Brian Armstrong said that the crypto exchange was “already investigating” insider trading on its platform. Armstrong claimed that it was Coinbase that identified th...