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Nikhil Wahi, 26, admitted during a virtual court hearing before U.S. District Judge Loretta Preska in Manhattan that he made trades based on confidential Coinbase information.
Ex-Coinbase staffer Ishan Wahi previously pled not guilty, but his brother appears to have told a different story.
Researchers have also found that 25% listings on Coinbase in the past four years were affected by insider trading.
A 26-year-old Indian citizen has pleaded guilty in the first-ever cryptocurrency insider trading case, in which he along with his brother and their Indian-American friend made ill-gotten profits totalling over a million dollars.
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