The US Treasury Department has ordered the arrest of Ishan Wahi, a former product manager of Coinbase.
According to the statement made by the Treasury Department, in addition to Ishan Wahi, it was decided to arrest his brother Nikhil Wahi. The ministry also identified a person named Sameer Ramani. accused of fraud.
According to the information shared by the ministry, Wahi Insider trading using your position on Coinbase was committing the crime.
According to the quoted Wahi, Coinbase’s which cryptocurrencies to list on the stock market, listing process before it happens He was sharing it with Nikhil Wahi or Ramani.
In addition to the Department, the US Securities and Exchange Commission (SEC) also accuses these three individuals of committing the crime of information fraud.
Prosecutor Damian Williams used the following words in his statements after the operation:
“Today I am announcing our first case of information fraud in the cryptocurrency market. The message we want to convey with these assertions is clear: Fraud is fraud, whether on the blockchain or on Wall Street. At the Southern District of New York, we will continue to bring fraudsters to justice.”