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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.