Nikhil Wahi, brother of former Coinbase product manager, sentenced to 10 months in prison for conspiracy to commit electronic fraud It could be the first insider trading case involving cryptocurrency
followreportReuters’ Nikhil Wahi admittedpleaded guilty in septemberCoinbase said the trade was based on confidential information received from his brother, Ishan Wahi, a former Coinbase product manager.
Nikhil Wahi Admits to Insider Trading According to federal prosecutors in Manhattan, former product manager Ishan Wahi shared confidential information about a new digital asset that Coinbase is planning to add to the platform with both his brother and their friend Sameer Ramani.
US prosecutors have recommended between 10 and 16 months in prison for Nikhil Wahi, claiming he profited nearly $900,000 from unlawful acts. pay for tuition and he has no prior criminal record
The post Relative of former Coinbase manager jailed for 10 months for insider trading appeared first on Bitcoin Addict.