- A former Coinbase product supervisor (NASDAQ:) has been sentenced to jail for insider buying and selling.
- Ishan Wahi and his co-conspirators earned $1.5 million from illicit crypto buying and selling.
- That is the primary case of crypto insider buying and selling in the US
The cryptocurrency trade has been below intense regulatory scrutiny ever for the reason that collapse of FTX introduced illicit exercise into the sector into the highlight. Because the courts step up the lawsuits, a landmark conviction has hit the trade.
On Tuesday, Could 9, Ishan Wahi, a former Coinbase International Inc. product supervisor, was sentenced to 2 years in jail for insider buying and selling.
The responsible verdict comes within the first-ever insider buying and selling case in the US involving cryptocurrencies.
Wahi made $1.5 million from insider buying and selling on Coinbase
WE. Manhattan Federal Court docket District Choose Loretta Preska convicted Wahi of two counts of conspiracy to…
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