32-year-old Ishan Wahi, the former Product Manager at Nasdaq-listed trading platform Coinbase Global Inc has been charged to court and was presented to the United States District Court for the Western District of Washington for allegedly being the mastermind of an insider trading fraud.
According to details disclosed by the Department of Justice (DoJ), Ishan, who in his position where he was privy to knowledge of the potential coins that were to be listed on Coinbase, sold the information to his brother, Nikhil Wahi, and his associate Sameer Ramani.
With the shared information, the three men acquired the potential coins billed for listing, an action they performed up to 14 times to accrue as much as $1.4 million in profit from at least June 2021 to April this year. The scheme was blown when a Twitter user flagged a massive early accumulation of a coin that Coinbase announced it plans to list in one of such trades.
The investigation eventually pointed to Ishan when he was invited to...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...