Specifically, Wahi is accused of passing confidential information to his brother Nikhil and friend Sameer Ramani about cryptocurrencies Coinbase intended to list for trading. This allegedly allowed them to make a profit of at least $1.5 million between June 2021 and April 2022 by acquiring and trading the assets in advance of their Coinbase listings. It was possibly the first insider trading case involving cryptocurrency. Nikhil Wahi has also been arrested, but Ramani remained at large as of late July.
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Source: Cryptocurrency - investing.com
