Coinbase requested $470,000 to cover costs and fees stemming from investigations into former Coinbase employee Ishan Wahi and his brother and accomplice, Nikhil. Both are accused of insider trading and wire fraud.
In a letter dated April 3, a lawyer representing Coinbase asked for restitution to cover the costs it said occurred during the investigations by the Department of Justice and the SEC.
The total amount would fall under the Mandatory Victim Restitution Act which states that victims are entitled to both expenses and lost income from investigation participation of some offenses — including wire fraud.
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