Breaking: Ex-Coinbase Bags 2-Year Jail Term for Insider Trading
Wahi is a former product manager at the American cryptocurrency exchange. He leveraged his position at Coinbase to make huge profits for new token listings before they went public. He was able to achieve this feat together with his brother Nikhil Wahi and an associate Sameer Ramani. Altogether, they traded 55 digital assets between June 2021 and April 2022. In the end, the profit they all made amounted to a total of about $1.5 million. advertisement They were arrested in July 2022 by authorities when they were trying to catch a flight to India. In the end, the brothers pleaded guilty to the charges against them while Ishan agreed to a sentence of between 36 and 47 months. He cited other insider trading cases that got little or no prison sentence. When Nikhi pled guilty in September 2022, he got a sentence of 10 months. Ramani is still missing and is yet to be apprehended. Several prosecutors insisted that Ishan got a sentence longer than three years so...