Brother of ex-Coinbase manager pleads guilty in insider trading case
Nikhil Wahi admitted that he received tips from his brother, who was a former product manager at Coinbase, about upcoming listings and made $1.4 million from them.
Latest insider trading News
Coinbase: Study reveals insider trading on 25% of new token listings
A trio of Australian researchers released a new study that sought evidence of “individuals using private information to buy coins prior to their listing announcement and profiting from the typical price surge that follows the announcement.”
Coinbase product manager pleads not guilty in insider trading scandal
Ishan Wahi is alleged to have shared with his brother and a friend tokens that were to be listed on Coinbase, with the three earning $1.5 million from this.
Axie Infinity CEO moved AXS tokens before revealing $625M hack: report
Founder Trung Nguyen moved 48,000 AXS tokens after the $600 million hack was discovered but before the company came clean, which Axie says was for the benefit of users, according to reports.
SEC is reportedly investigating Coinbase over unregistered securities
The news comes days after U.S. Attorneys in the Southern District of New York announced charges on former Coinbase product manager Ishan Wahi and two other men over an alleged insider trading scheme.
SEC labels 9 tokens as securities in Coinbase insider trading scandal
Ishan Wahi, his brother Nikhil and friend Sameer Ramani are accused of violating securities laws’ antifraud provisions to earn over $1.1 million in illegal profits between June 2021 and April 2022.
Hong Kong authorities charge ex-Huobi manager with illicit trading
The former Huobi manager is accused of setting up an account, approved a $20 million credit line to himself, and then started trading against Huobi, netting $5 million in profits.
Former OpenSea employee charged with insider trading
The U.S. Department of Justice announced that it is prosecuting a former employee of Ozone Networks, Inc (OpenSea) with wire fraud and money laundering in connection with a scheme to commit insider trading in NFTs.
SEC charges 3 linked to Long Blockchain Corp insider trading
Three individuals connected to Long Blockchain Corp—formerly known as Long Island Iced Tea—have been charged by the SEC for insider trading.
FBI suspects Long Island Iced Tea crypto switch spiked with insider trading
The FBI is investigating reports of insider trading and securities fraud in connection with the company formerly known as Long Island Iced Tea Corp.