Page 7 - Sameer Ramani News Today

A former Coinbase Global manager admitted participating in a scheme to trade on confidential information about when the exchange was going to list new tokens.

The case was part of a crackdown on an old-school financial crime in the crypto world.

Ishan Wahi had formerly pleaded "not guilty," but changed his tune on Tuesday. The former Coinbase employee faces multiple years in prison.

"I wanted to help my parents, but instead I put them through great suffering," Wahi said during the sentencing, adding, "Im very sorry for what I did."

The brother of a former Coinbase product manager was sentenced to 10 months in prison on Tuesday in what federal prosecutors have called the first insider trading case involving cryptocurrency.

Prosecutors said Nikhil Wahi started getting confidential tips in 2020 from his brother, who was a Coinbase product manager at the time.

Nikhil Wahi, accused of receiving insider trading information from his brother Ishan Wahi, a former project manager at crypto exchange Coinbase, has been sentenced to 10-months in prison.The US authorities in July last year charged the brothers ...

The brother of a former Coinbase product manager has been sentenced to 10 months in prison in what federal prosecutors have called the first insider trading case involving cryptocurrency

Nikhil Wahi, of Seattle, was sentenced to 10 months in prison in the first insider trading case involving cryptocurrency. The man received tips from his brother who worked at Coinbase.

NEW YORK (AP) – The brother of a former Coinbase product manager was sentenced to 10 months in prison on Tuesday in what federal prosecutors have called the first insider trading case involving cryptocurrency. Nikhil Wahi, 27, of Seattle, was sentenced in federal court in Manhattan after pleading guilty in September to one count of […]