Who is Ishan Wahi?

On July 22, 2022, a former Coinbase product manager, Ishan Wahi, along with Nikhil Wahi (Ishan's brother) and Sameer Ramani (a friend), was charged in the first-ever insider trading case in cryptocurrency by prosecutors for the Southern District of New York and the Securities and Exchange Commission.

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.

Did Ishan Wahi share information with Nikhil and Ramani?

According to the complaint filed in SEC v. Wahi, Ishan Wahi allegedly shared information that certain tokens were about to be listed by Coinbase with Nikhil Wahi and Ramani, who then allegedly acted upon that information to make trades for an alleged illicit profit over US$1.5 million.

Who is Nikhil Wahi?

Coinbase's chief security officer, Philip Martin, noted that the company provided prosecutors with information from an internal investigation. On January 10, 2023, Nikhil Wahi was sentenced to ten months in prison after he admitted to making trades based on confidential information from Coinbase.