The US Securities and Exchange Commission (SEC) has launched an investigation into “insider trading” on crypto exchanges.
According to Fox New’s report, the regulator sent a letter to at least one major cryptocurrency exchange asking about security measures.
According to a Fox News source, the SEC has launched an investigation into whether crypto exchanges have adequate protection against insider trading. According to the source, the investigation aims to cover many exchanges.
According to the news, the SEC’s letter was sent following the collapse of Terra’s UST stablecoin and LUNA.
The SEC declined to comment for now.
The SEC was recently announced to be investigating Terraform Labs, behind UST and LUNA.
