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Ex-Coinbase manager’s brother sentenced to 10 months in insider trading case Cointelegraph via biedex.markets

Bear market didn’t stop crypto firms from hiring—  Recruitment exec By Cointelegraph

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Nikhil Wahi, the brother of a former Coinbase (NASDAQ:) product manager, has been sentenced to 10 months in prison for wire fraud conspiracy charges in what is believed to be the first insider trading case involving cryptocurrency.

As reported by Reuters, Nikhil Wahi pleaded guilty in September to initiating trades based on confidential information obtained from his brother, Ishan Wahi, who was a former Coinbase product manager.

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Written by Sandy Sullivan