“Nikhil Wahi admitted in court today that he traded in crypto assets based on Coinbase’s confidential business information to which he was not entitled. For the first time ever, a defendant has admitted guilt in an insider trading case involving the cryptocurrency markets.” – said US Attorney Damian Williams at the time., though, Ishan has also changed his mind and has pleaded guilty. The prosecutors called it the first case of confirmed insider trading in the cryptocurrency industry.
The coverage further revealed that the Wahi brothers and Ramani traded insider information at least 14 times between June 2021 and April 2022.
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