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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