Ex-Coinbase manager's brother sentenced to 10 months in insider trading case
This is believed to be the first insider trading case involving cryptocurrency. The brother of a former Coinbase product manager , Nikhil Wahi, has been sentenced to 10 months in prison for wire fraud conspiracy charges, in what is believed to be the first inside r trading case involving cryptocurrency. As reported by Reuters, Nikhil Wahi pleaded guilty in September to initiating trades based on confidential information obtained from his brother , Ishan Wahi, who was a former Coinbase product manager . Ex-Coinbase manager's brother sentenced to 10 months in insider trading case https://t.co/Kyy6DqSb9D pic.twitter.com/ruQjwr5i4h — Reuters (@Reuters) January 10, 2023 Nikhil Wahi admitted to trading with the use of inside information obtained from Coinbase. According to the federal prosecutors in Manhattan, Ishan Wahi, a former product manager, had shared confidential information regarding new digital assets that Coinbase was planning to add to its trading platform, with both...