Where is the fraud? They can't charge with insider trading, because insider trading does not apply to currencies or cryptocurrencies.
participated in a scheme to deprive
Coinbase of its exclusive use of
confidential business information
related to Coinbase's plans to list
certain crypto assets on its exchanges
[1]: https://www.justice.gov/usao-sdny/press-release/file/1521186...
[2]: https://www.law.cornell.edu/uscode/text/18/1343