In early April, Ishan Wahi allegedly learned that Coinbase planned to announced it was considering listing dozens of crypto assets on its exchanges. Per usual, he allegedly tipped off Ramani, who, we're told, caused multiple anonymous Ethereum blockchain wallets to purchase large quantities of the crypto assets slated for inclusion in Coinbase's April 11 listing announcement.
Court documents reveal that a month later, Coinbase's director director of security operations emailed Ishan Wahi to set up an in-person meeting relating to the company's asset listing process. After confirming that he'd be there, Wahi purchased a one-way flight to India and warned his brother and Ramani about Coinbase's investigation, it is claimed.
Nikhil Wahi is charged with one count of wire fraud conspiracy and one count of wire fraud, each of which carries a maximum sentence of 20 years.