Ex-Coinbase Manager Gets 2 Years for Insider Trading
- Wahi pleaded guilty to conspiracy to commit wire fraud
- First prosecution involving claims of crypto insider trading
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A former Coinbase Global Inc. manager was ordered to spend two years in federal prison for trading on confidential information about when the cryptocurrency exchange was going to list new tokens.
US District Judge Loretta Preska pointed to “a massive abuse of Mr. Wahi’s employer’s trust” over 10 months in sentencing him Tuesday in Manhattan. “It was not just a one-time event.”