- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-01-10T20:33:00
The brother of a former Coinbase employee has been sentenced to 10 months in prison for his role in a groundbreaking insider trading scheme involving cryptocurrency.
Nikhil Wahi was sentenced to prison and ordered to repay $892,500 in forfeiture by a U.S. District Court judge, U.S. Attorney Damian Williams announced Tuesday in a press release. Wahi, brother of former Coinbase manager Ishan Wahi, pleaded guilty to one count of wire fraud conspiracy in September.
The scheme, which began in October 2020, involved Ishan Wahi passing along confidential information about which cryptocurrency assets were about to be listed on Coinbase’s platform to his brother, who then bought the assets before they were listed. Nikhil Wahi would then sell the assets at a profit after they were listed, prosecutors said.
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2023-02-07T20:13:00Z By Aaron Nicodemus
Ishan Wahi, a former Coinbase product manager, pleaded guilty to wire fraud conspiracy in the first cryptocurrency insider trading case.
2023-01-04T19:46:00Z By Adrianne Appel
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Nikhil Wahi, brother of former Coinbase product manager Ishan Wahi, pleaded guilty to one count of wire fraud conspiracy as part of the Department of Justice’s first case regarding the insider trading of cryptocurrency assets.
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After dismissing its lawsuit against the crypto exchange Coinbase in March, a second investigation into the exchange by the Securities and Exchange Commission has surfaced, according to a report from the New York Times. This comes as a bit of a surprise after the Trump administration has been scaling down ...
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