#Coinbase case below 👇 …

Ishan Wahi Was Sentenced to Two Years in #Prison for Tipping His Associates Regarding Crypto Assets That Were Going to be Listed on #Coinbase #Exchanges

Damian Williams, the United States Attorney for the Southern District of New York, announced today that ISHAN WAHI, a former product manager at Coinbase Global, Inc. (“Coinbase”), was sentenced by U.S. District Judge Loretta A. Preska to two years in prison for providing Coinbase’s confidential business information about **upcoming** Coinbase crypto asset listings to his brother and his friend so that they could place **profitable trades** in advance of Coinbase’s listing announcements. WAHI previously pled guilty to two counts of conspiracy to commit wire fraud.

U.S. Attorney Damian Williams said: “Ishan Wahi – a former Coinbase product manager – violated the trust placed in him by his employer by tipping others with valuable confidential information regarding Coinbase’s planned token listings. Today’s sentence should send a strong signal to all participants in the cryptocurrency markets that the laws decidedly do apply to them. The Southern District of New York will hold those who engage in insider trading to full account, regardless of whether their illegal conduct occurs in the equity markets or in the market for crypto assets.”

#btc #bitcoin #knowledge #nostr #tokens #DOJ