A former Coinbase Global Inc. manager was ordered to spend two years in federal prison for trading on confidential information about when the cryptocurrency exchange was going to list new tokens.
US District Judge Loretta Preska pointed to “a massive abuse of Mr. Wahi’s employer’s trust” over 10 months in sentencing him Tuesday in Manhattan. “It was not just a one-time event.”
Source: Ex-Coinbase Manager Ishan Wahi Sentenced to 2 Years for Insider Trading – Bloomberg
