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As of the time of this writing, neither Musk nor his legal team has commented on the amended lawsuit from the Dogecoin investors. A group of Dogecoin (DOGE) investors with a longstanding class-action lawsuit against Twitter’s outgoing Chief Executive Officer Elon Musk for alleged insider trading offenses. The investors, according to
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A group of Dogecoin investors has requested leave to amend a class-action lawsuit against soon-to-be former chief executive officer of Twitter Elon Musk, alleging he manipulated the price of the meme token.In a May 31 filing in United States District Court for the Southern District of New York, the investors
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ishan Wahi, a former product manager at Coinbase crypto exchange, and his brother Nikhil Wahi have reportedly settled their insider trading case with the United States Securities and Exchange Commission (SEC). Ishan Wahi has been sentenced
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The SEC noted that Wahi and Nikhil purchased at least 25 crypto assets from Coinbase before listings, out of which nine were securities. The United States Securities and Exchange Commission (SEC) counted another win in regulating the nascent crypto industry through a Coinbase Global Inc (NASDAQ: COIN) insider trading case. According
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"We allege that Ishan and Nikhil Wahi, respectively, tipped and traded securities based on material nonpublic information, and that’s insider trading, pure and simple," he said. "The federal securities laws do not exempt crypto asset securities from the prohibition against insider trading, nor does the SEC. I am grateful to
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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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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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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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The news of the insider sale of the WallStreetBets (WSB) tokens led to a major frenzy with retail players dumping their tokens and its price tanking by nearly 90%. WallStreetBets (WSB) token, linked to the popular subreddit WallStreetBets, saw its token price plummeting by a staggering 90% in the past 24
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WSB prices fell sharply as the apparent token sale by insiders led to token holders dumping holdings en masse. Source
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