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Former Coinbase Manager's Brother Gets 10-Month Sentence for Insider Trading

A former Coinbase employee's brother has been sentenced for his role in a crypto insider trading scheme.

Nikhil Wahi, brother of former Coinbase product manager Ishan Wahi, pleaded guilty in September to one count of conspiracy to commit wire fraud. In an order signed on January 4, U.S. District Judge Loretta Preska sentenced Wahi to 10 months in prison.

Prosecutors said last year that Ishan Wahi, while an employee at the San Francisco-based crypto exchange, allegedly provided information regarding upcoming token listings on Coinbase to his brother Nikhil Wahi, and his friend, Sameer Ramani. 

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