Who is Nikhil Wahi?

Nikhil Wahi pleaded guilty in September to a wire fraud conspiracy charge, and in January was sentenced to 10 months in prison. Ramani is at large. As part of a plea deal, prosecutors stipulated that sentencing guidelines called for Ishan Wahi to be imprisoned for between 36 and 47 months.

Did Nikhil Wahi secretly List A cryptocurrency?

According to prosecutors, Mr. Wahi provided information about listings to his brother, Nikhil Wahi, and his brother’s friend Sameer Ramani so they could secretly engage in profitable trades. The price of a cryptocurrency often increases when a major exchange like Coinbase announces plans to list it.

How did Nikhil Wahi and Ramani acquire Coinbase?

Nikhil Wahi and Ramani then allegedly used ethereum blockchain wallets to acquire the assets and traded at least 14 times before Coinbase announcements in June 2021 and April 2022. Those announcements typically caused the assets to rise in value and generated at least $1.5 million in gains, prosecutors said.

Who is Ishan Wahi?

Ishan Wahi, 32, pleaded guilty to two counts of conspiracy to commit wire fraud, after initially pleading not guilty last year. Prosecutors said Wahi shared confidential information with his brother Nikhil and their friend Sameer Ramani about forthcoming announcements of new digital assets that Coinbase would let users trade.