Coinbase insider trading case ends with guilty plea
Former product manager at Coinbase, Ishan Wahi, has pled guilty to two counts of conspiracy to commit wire fraud in an insider trading case.
Cryptocurrency news by Protos · Protos
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Ishan Wahi, a former product manager at Coinbase, has plead guilty to two counts of conspiracy to commit wire fraud in a case involving insider trading, according to Reuters. Wahi shared information about Coinbase listings with his brother and his friend, which prosecutors allege resulted in $1.5 million in profits.
Ishan Wahi’s case represents a more aggressive strategy against cryptocurrency insider trading, focusing on wire fraud charges instead of criminal securities fraud charges. Wahi is also part of an ongoing civil suit brought by the Securities and Exchange Commission (SEC) related to this behavior — it alleges that the tokens involved are securities.
Hosted on Acast. See acast.com/privacy for more information.