Ex-Coinbase manager’s brother sentenced to 10 months in insider trading case By Cointelegraph

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© Reuters

Nikhil Wahi, the brother of a former Coinbase (NASDAQ:) product manager, has been sentenced to 10 months in prison for wire fraud conspiracy charges in what is believed to be the first insider trading case involving cryptocurrency.

As reported by Reuters, Nikhil Wahi pleaded guilty in September to initiating trades based on confidential information obtained from his brother, Ishan Wahi, who was a former Coinbase product manager.

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