Former Coinbase Manager Arrested by Feds for Alleged Insider Trading
https://www.vice.com/en_us/article/akevn4/former-coinbase-manager-arrested-by-feds-for-alleged-insider-trading
The US government is accusing three people, including a former Coinbase employee, of insider trading, in what is one of the first cases of insider trading involving cryptocurrency.
On Thursday, the Department of Justice announced the indictment of former Coinbase product manager Ishan Wahi, his brother Nikhil Wahi, and their friend Sameer Ramani. The three were charged with wire fraud conspiracy and wire fraud in connection with a scheme to commit insider trading in cryptocurrency assets. The three allegedly used confidential Coinbase information about when crypto assets would be listed on Coinbase to anticipate those listings and make profitable trades in advance of the announcements, according to the Department of Justice’s press release.