Ishan Wahi, a former product manager at Coinbase, has plead guilty to two counts of conspiracy to commit wire fraud in a case involving insider trading, според до Ројтерс.
Wahi shared information about Coinbase listings with his brother and his friend, which prosecutors allege resulted in $1.5 million in profits. His brother Nikhil Wahi had previously plead guilty in the case and was sentenced to 10 months in prison.
Ishan Wahi’s case represents a more aggressive strategy against cryptocurrency insider trading, focusing on wire fraud charges instead of criminal securities fraud charges. Wahi is also part of an ongoing civil suit brought by the Securities and Exchange Commission (SEC) related to this behavior — it alleges that the tokens involved are securities.
Wahi’s lawyers filed a движење yesterday to dismiss that case, arguing the tokens can’t be securities as they don’t represent an “investment contract,” are “functional,” and “don’t rely on a centralized intermediary.”
Source: https://protos.com/coinbase-insider-trading-case-ends-with-guilty-plea/