The brother of a former Coinbase Global Inc. product manager was sentenced Tuesday to 10 months for his role in a scheme to trade on confidential information about when the cryptocurrency exchange was going to list new tokens.
Nikhil Wahi, 26, pleaded guilty in September to a count of conspiracy to commit wire fraud. Prosecutors claim tips from his brother enabled Wahi and a friend, Sameer Ramani, to make more than $1 million on trades.
Source: Ex-Coinbase Manager’s Brother Gets 10 Months in Crypto Fraud – Bloomberg
