Page 15 - Sameer Ramani News Today

NEW YORK--A former Coinbase product manager and his brother, along with a Houston man, were charged Thursday in what federal authorities described as the U.S. government’s first cryptocurrency insider trading case.

A former product manager at Coinbase Global, Ishan Wahi, and two others were charged Thursday in Manhattan with wire fraud in the first insider trading case involving cryptocurrency.

The U.S. Security and Exchange Commission charged three cryptocurrency executives in a Seattle District Court for insider trading valued at more than $1.1 million.

A former Coinbase manager, his brother, and their associate have been indicted on insider trading charges. Read more!

Prosecutors said Ishan Wahi shared confidential information about forthcoming announcements of new cryptocurrency assets.

Fatman, a popular twitter account went on to comment that, the scene that Ishan Wahi manifested for himself would surely create a movie scene some day!

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A former Coinbase product manager was feeding information to his brother and a friend.

Coinbase, a cryptocurrency exchange from US, is also supposedly one of the biggest crypto exchanges in terms of market capitalization. Such an organization now has got a black mark due to the news of Insider Trading that occurred in the company.The convicts of the scheme Ishan Wahi, Nikhil Wahi and Sameer Ramani were arrested by the officials for committing Insider Trading.

A former Coinbase employee and two others have been charged for an insider trading scheme. Prosecutors say it is the first insider trading-related charge involving cryptocurrency.