Ishan Wahi, a former executive of Coinbase, the largest US-based cryptocurrency exchange, was sentenced to 2 years in prison for insider trading.
According to the news presented by Reuters, the former Coinbase executive Ishan Wahi, accused of insider trading 2 years in prison was sentenced. US Department of Justice (DOJ) under insider trading charges Ishan Wahibrother Nikhil Wahi and mutual friends Sameer RamaniHe had arrested him in July last year.
According to the details in the case file Nikhil Wahi and his friend Sameer Ramani, Ishan Wahi obtaining confidential information from Coinbase via 40 different Coinbase announcements by trading with inside information beforehand, more than $1 million earned unfair advantage.
Last January, Ishan Wahi’s brother Nikhil Wahi and his friend Sameer Ramani accusing him of gaining unfair advantage by obtaining information about cryptocurrencies to be listed on Coinbase. DOJ was arrested by His brother Nikhil, after this arrest 10 months in prison was sentenced.
by Ishan Wahi, a long time The SEC’s statement about “insider trading” Although he denied his allegations, he pleaded guilty last February. had confessed.