Ex-Coinbase Manager Charged in Crypto Insider Trading Case (1)

Federal prosecutors in Manhattan brought their first ever case for insider-trading in digital coins, charging a former Coinbase Global Inc. product manager with leaking information to help his brother and a friend buy tokens just before they were listed on the exchange.

The Thursday arrest of Ishan Wahi, who helped oversee listings for a Coinbase unit focused on investment products, follows a sweeping probe involving the Southern District of New York and the Securities and Exchange Commission. The SEC also alleged Wahi violated the agency’s anti-fraud rules.

“Today’s charges are a further reminder that Web3 is not a law-free ...