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Ex-Coinbase Manager Arrested in US Crypto Insider-Trading Case

  • Criminal charges follow probe launched in April by SDNY
  • SEC also sues former employee and two others over conduct
Monitors display Coinbase signage at the Nasdaq MarketSite in New York, U.S.

Monitors display Coinbase signage at the Nasdaq MarketSite in New York, U.S.

Photographer: Michael Nagle/Bloomberg
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Federal prosecutors in Manhattan brought their first ever case for insider-trading in digital coins, charging a former Coinbase Global Inc. product manager with leaking information to help his brother and a friend buy tokens just before they were listed on the exchange. 

The Thursday arrest of Ishan Wahi, who helped oversee listings for a Coinbase unit focused on investment products, follows a sweeping probe involving the Southern District of New York and the Securities and Exchange Commission. The SEC also alleged Wahi violated the agency’s anti-fraud rules.