Justice Department Arrests Former Coinbase Manager For Insider Trading
The former Coinbase employee and his brother have been arrested for insider trading at least 25 cryptocurrencies, but another defendant is still at large.The Justice Department has arrested a former Coinbase employee in the first case of cryptocurrency insider trading.The employee, a former product manager, allegedly used his knowledge of asset listings to engage in multiple counts of insider trading.Previously, the Justice Department charged a former employee of Open Sea for insider trading NFTs.Ishan Wahi, a former product manager for the publicly-traded cryptocurrency exchange Coinbase,....
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The brother of a former Coinbase product manager has pleaded guilty in a cryptocurrency insider trading case. According to the U.S. Department of Justice (DOJ), he is facing up to 20 years in federal prison.
DOJ’s First Crypto Insider Trading Case
The U.S. Department of Justice (DOJ) announced Monday that Nikhil Wahi, the brother of a former product manager at Coinbase Global Inc. (Nasdaq: COIN), “pled guilty to one count of conspiracy to commit wire fraud in connection with a scheme to commit insider trading in cryptocurrency assets.” The DOJ calls it the....
The U.S. Department of Justice (DOJ) has indicted an employee of non-fungible token (NFT) marketplace Opensea in what the department called the “first-ever digital asset insider trading scheme.”
DOJ Indicts Former Opensea Product Manager
The DOJ announced Wednesday the unsealing of an indictment charging Nathaniel Chastain, a former product manager at Ozone Networks Inc. (aka Opensea), in its “first-ever digital asset insider trading scheme.” Chastain was arrested Wednesday morning in New York.
The Justice Department explained that from....
The U.S. Securities and Exchange Commission (SEC) has announced insider trading charges against a former Coinbase manager, who has been arrested and is also facing criminal charges. The regulator has identified nine crypto tokens as securities in the complaint. U.S. Attorney Damian Williams says it is “the first-ever insider trading case involving cryptocurrency markets.”
SEC Charges Former Coinbase Manager, His Brother, and a Friend — 9 Crypto Tokens Identified as Securities
The U.S. Securities and Exchange Commission (SEC) announced Thursday....
Binance’s troubles with regulators grow as U.S. authorities are now reportedly investigating the exchange for possible insider trading and market manipulation. The investigation involves the Commodity Futures Trading Commission (CFTC). The Justice Department (DOJ) and the Internal Revenue Service (IRS) have also been investigating Binance on a separate issue. Binance Probed for Possible Insider Trading, Market Manipulation U.S. authorities are now investigating Binance for possible insider trading and Market manipulation to ascertain whether the company or its staff profited by....
After an insider trading incident, a court has charged the former head of product at NFT marketplace OpenSea with wire fraud and money laundering. OpenSea Employee Charged With Insider Trading Nathaniel Chastain was detained in New York City on Wednesday morning. According to a press release issued by the Department of Justice on Wednesday, he […]