Brother of former Coinbase employee pleads guilty to charges related to insider trading: Report

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There's more drama coming from Coinbase lately. The brother of a former employee has plead guilty to charges related to insider trading.

Nikhil Wahi, who was arrested for allegedly working with his brother and an associate on a scheme to commit insider trading using crypto, has reportedly entered a guilty plea for wire fraud conspiracy charges.to authorities during a virtual hearing that he used confidential information obtained from Coinbase to make profits from trading crypto.

Wahi’s brother Ishan worked as a product manager at Coinbase, during which time he allegedly shared information regarding the launch dates of tokens with his brother and an associate, Sameer Ramani. The trio allegedly used the insider information to make roughly $1.5 million in gains from"I knew that it was wrong to receive Coinbase's confidential information and make trades based on that confidential information," Wahi reportedly said in court.

 

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Coinbase is too expensive and unreliable. Maybe, some time ago, it was a good choice but not now.

I think coinbase has completely fallen off at this point. There's more DEX and CEX platforms out there that offer way more coins and more commodities when trading... Why use Coinbase at this point lol

Fuckin yikes. I hope Binance doesn't let us down THIS hard any time soon, this is insane.

Coinbase is formed by scammers and brothers of scammers.

🚀 Thnks a millon.

this is another level🔥🔥

🚀 Thnks a millon

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First Guilty Plea in Coinbase-Related Insider Trading ChargesThe brother of a former Coinbase executive, Nikhil Wahi in late July was arrested for trading on confidential information. SteveAlpher Why are they keepinnn thiss a secret.? SteveAlpher Coins public GİVE is LİVE🚀 50k bnb🐋 SteveAlpher 🚀 Thnks a millon.
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