Ishan Wahi, a former executive at Coinbase, the largest US-based cryptocurrency exchange, has agreed to be a collaborator in future US Securities and Exchange Commission (SEC) investigations.
Former executive of Coinbase Ishan Wahiabout admitting all the accusations It has reached an agreement with the SEC. Tuesday in Seattle Ishan Wahi as part of a settlement filed in a federal court in connection with other SEC investigations and actions questioning and collaborating also accepted.
Ishan Wahi and his brother Nikhil WahiBy pre-trading cryptocurrencies to be listed on Coinbase More than $1 million in earnings accused of acquiring and covered under “Insider trading” both brothers were sentenced to prison. Both of the brothers are currently serving prison sentences.
Finally, the SEC directed civil charges Agreeing, Wahi said that he earned his income through insider trading. to return assets And to pay interest he agreed. Under this agreement, the SEC additionally will not make any criminal claims. stated.
SEC Executive Director Gurbir Grewal In his statement on the subject, he emphasized that the crypto money industry will not be exempt from criminal activities such as insider trading:
Federal securities laws do not exempt earnings from insider trading in crypto assets, nor do the SEC do. I am grateful to the SEC staff who have successfully worked to resolve this matter.