Former Coinbase Employee’s Brother Pleads Guilty in Crypto Listing Insider Trading
Join Our Telegram channel to stay up to date on breaking news coverage Nikhil Wahi, brother of a former Coinbase employee Ishan Wahi, pleaded guilty to attempted insider trading and a conspiracy involving wire fraud, in his plea in New York federal court. Brother Of Former Coinbase Employee Pleads Guilty to a $1.4 million Fraud Nikhil Wahi, 26, with help from his brother, Ishan Wahi, allegedly committed fraud involving insider trading and pleaded guilty in a hearing on Monday. Following an accusation from the Securities and Exchange Commission (SEC) about trading crypto assets with the use of confidential information, both the brothers were arrested in Seattle last month for partaking in unethical trading . According to the SEC, Ishan Wahi tipped his brother about upcoming announcements regarding Coinbase listings, and Nikhil Wahi then used this information to perform illegal trade involving trading more than 25 tokens in an insider trading scheme. And collecting over $1.5 ...