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by flarex 1525 days ago
I think that the best way for Coinbase to combat this is to make as much information public as possible in as close to real time. For example they have a listings website - make every application public in real time. If there are meetings about which asset to add then make the meeting public or the minutes immediately after the meeting. The only way this can be exploited is because there was some lag time between assets that were considered to be listed and the actual announcement.

It doesn't help that they have employed some highly unethical actors in the past and completely failed to do their due diligence. For example when they employed people that were involved in selling hacking tools to nation states that were used in human rights abuses.

1 comments

it doesn't work that way. Coinbase's Asset Listing team contacts an inbox I'm on all the time just because an asset was indexed by their price tracker or Coinmarketcap once.

There is no reason for that to be made public, and no reason for an insider to find a liquidity pool on Uniswap to start buying that token.