Former Coinbase Manager Pleads Guilty to Insider Trading Charges: Reuters
TL;DR Ishan Wahi, a former product manager at crypto exchange Coinbase, has agreed to plead guilty to insider trading charges. His brother Nikhil had previously pleaded guilty to a wire fraud conspiracy charge for allegedly profiting from information shared by Ishan about 14 different listings at Coinbase. Both brothers were arrested in late July and charged by the DOJ.
Ishan Wahi, former product manager at crypto exchange Coinbase (COIN) has agreed to plead guilty to insider trading charges, Reuters reported Tuesday.
Wahi was accused of sharing information about crypto assets the exchange would be listing, and had previously pleaded not guilty to federal charges of insider trading. Wahi initially pleaded not guilty, but changed his plea during a hearing.
Wahi's brother Nikhil pleaded guilty to a wire fraud conspiracy charge in September 2022 for allegedly profiting from information shared by Ishan Wahi regarding least 14 different listings at Coinbase. The Wahi brothers were arrested in late July, charged by the U.S. Department of Justice (DOJ).