Coinbase\u0027s former product manager and two others have been charged in the first insider trading case involving cryptocurrency. Read on
Ishan Wahi, the product manager at the cryptocurrency exchange, and his brother Nikhil Wahi were arrested on Thursday in Seattle, and expected to appear in federal court there later in the day.
In the related civil charges, the SEC alleged that Nikhil Wahi, 26, and Ramani, 33, purchased and sold at least 25 crypto assets for a profit, nine of which the agency said it had identified as securities.Article content “Fraud is fraud is fraud, whether it occurs on the blockchain or on Wall Street,” Damian Williams, the U.S. Attorney in Manhattan, said in a statement.
“We are committed to doing our part to ensure that all market participants have access to the same information,” Martin wrote on Twitter.
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