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Ishan Wahi, a former product manager at the U.S.-based crypto exchange, was arrested in July 2022 and charged with wire fraud and insider trading for feeding his brother and another man insider information about upcoming crypto listings. From June 2021 to April 2022, authorities say the men made over $1
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Former Chief Technology Officer at Coinbase, Balaji Srinivasan, closed out early a bet that the price of bitcoin would hit $1 million by mid-June amid hyperinflation of the U.S. dollar. Srinivasan paid a total of $1.5 million, more than the initially committed $1 million, with two-thirds of the money donated
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“The Defendant respectfully submits that a sentence of no more than 10 months incarceration, together with several other consequences of Ishan’s conviction, would impose a sufficient, but not excessive, punishment for the crimes of conviction,” said the filing. Source
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The current MoonPay COO Jim Esposito did not provide any comments on the announcement, and it is unclear if he is staying at the company or not. MoonPay, financial technology company that provides crypto payment solutions, has welcomed on board Asiff Hirji, former Coinbase Inc (NASDAQ: COIN) president. Asiff Hirji will
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A former Coinbase employee’s brother has been sentenced to 10 months in prison in what the U.S. Department of Justice (DOJ) called a “groundbreaking cryptocurrency insider trading case.” ‘Groundbreaking’ Crypto Insider Trading Case The U.S. Department of Justice (DOJ) announced Tuesday that Nikhil Wahi “was sentenced to 10 months in prison” in
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The brother of a former Coinbase product manager, Nikhil Wahi, has been sentenced to 10 months in prison for wire fraud conspiracy charges, in what is believed to be the first insider trading case involving cryptocurrency. As reported by Reuters, Nikhil Wahi pleaded guilty in September to initiating trades based on
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Ishan Wahi and two associates are accused of making as much as $1.5 million from sharing information about Coinbase's plans to list new tokens. Original Source
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"As used in this complaint, 'crypto asset security' refers to an asset that is issued and/or transferred using distributed ledger or blockchain technology – including, but not limited to, so-called 'digital assets,' 'virtual currencies,' 'coins,' and 'tokens' – and that meets the definition of 'security' under the federal securities laws,"
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Summary: Tom Loverro has recommended crypto investors have enough cash to get through the next 30 to 36 months. According to his analysis, the crypto markets could go lower in 2022 and be flat in 2023. He warns that previous Bitcoin and crypto cycles are not a determinant of the future of the
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Former Coinbase counsel Hailey Lennon is joining law firm Anderson Kill. Lennon has joined Anderson Kill’s Los Angeles office as a partner in the Technology, Media and Distributed Systems Group. She joins a team of 10 other lawyers who practice in the crypto and blockchain space, including Stephen Palley, Preston Byrne
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