Ex-Coinbase Manager Ishan Wahi Gets 2 Years in Insider Case (1)

A former Coinbase Global Inc. manager was ordered to spend two years in federal prison for trading on confidential information about when the cryptocurrency exchange was going to list new tokens.

US District Judge Loretta Preska pointed to “a massive abuse of Mr. Wahi’s employer’s trust” over 10 months in sentencing him Tuesday in Manhattan. “It was not just a one-time event.”

Ishan Wahi in February pleaded guilty to two counts of conspiracy to commit wire fraud, admitting he passed tips about new offerings to his brother Nikhil and a friend, Sameer Ramani, who used the information to buy cryptocurrencies ...