Ex-Coinbase manager’s brother sentenced to 10 months in insider trading case

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Reuters

By Luc Cohen NEW YORK (Reuters) – The brother of a former Coinbase Global Inc product manager was sentenced on Tuesday to 10 months in prison after pleading guilty in September to a wire fraud conspiracy charge, in what U.S. prosecutors have called the first insider trading case involving cryptocurrency. Nikhil Wahi admitted last year that he made trades based on confidential Coinbase information. Federal prosecutors in Manhattan say Ishan Wahi, the former product manager, shared confidential information with his brother and their friend Sameer Ramani about new digital assets Coinbase was plan…

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