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Former Coinbase product manager Ishan Wahi and his brother Nikhil Wahi have agreed to settle charges of insider trading brought against them by the United States Securities and Exchange Commission (SEC), the agency announced onMay 30.The brothers were accused of using knowledge of nine crypto assets that would be listed on
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Kylie Chiseul Kim, a key defense attorney for Ripple Labs in its ongoing litigation against the SEC, has submitted a motion to withdraw from the case due to her departure from the law firm representing Ripple. In
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Prosecution appealed a previous decision by a lower court in the country to let the disgraced founder go free while he faced trial. Source
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Ripple has historically maintained a distance from XRP, the token that powers some of its products and the XRP Ledger network Original Source
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Lawmakers from South Korea are pushing to enshrine stricter regulation of digital assets in the wake of a gruesome murder case involving digital assets. According to a May 18 Bloomberg report, a Korean woman was abducted on March 29 and later murdered in a dispute believed to have stemmed from a
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Within 11 days in March, four banks in the United States and one in Switzerland collapsed. First Republic Bank followed in May. Three of the four largest-ever U.S. bank failures occurred in those two months. It was a painful reminder that banks bear significant risks that can quickly spill over
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During the hearing, the defendants indicated they had "property worth several million" and the bail amount will be paid by their wives, the court's statement said. Prosecution objected to the bail proposal, saying there was no guarantee that Kwon was not a flight risk. Source
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A federal judge has sentenced Ishan Wahi, the former product manager at Coinbase Global accused of insider trading, to 24 months in prison.In a May 9 hearing in United States District Court for the Southern District of New York, Judge Loretta Preska sentenced Wahi to 2 years in prison for
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Magistrate Judge Bruce Reinhart issued the ruling as a case grinds on between Wright, who claims to be Satoshi Nakomoto, the pseudonymous author of the 2008 Bitcoin white paper, and Ira Kleiman, who claimed rights to crypto he said was mined by his late brother David. Source
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The former OpenSea manager who was accused of insider trading of NFTs has been convicted on May 3 of wire fraud and money laundering in a New York federal court, according to a report from Reuters.According to prosecutors, Nathaniel Chastain, a former Product Manager at OpenSea, was in charge of
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