en
Back to the list

Breaking: First Ever Crypto Insider-Trading Case On Coinbase Gets 10 Months Jail Time

source-logo  coingape.com 10 January 2023 15:53, UTC

The brother of a former product manager at Coinbase Global Inc. was found guilty of his position in a conspiracy to trade on inside knowledge about when the cryptocurrency exchange was going to approve new cryptocurrencies and open them for public trading. In what U.S. prosecutors have hailed as the first case of insider trading involving cryptocurrency, Nikhil Wahi, the perpetrator of the illicit trading plan, was handed a sentence of 10 months in prison for his participation in the scheme.

coingape.com