Former Coinbase Product Manager Ishan Wahi has been sentenced to two years in prison for insider trading with cryptocurrencies. He had pleaded guilty to two counts of conspiracy to commit wire fraud earlier this year. Wahi had tipped his brother and a friend with information about upcoming coin listings at Coinbase that had not yet been made public, which netted them roughly $1.5 million in total across 55 different token announcements between June 2021 and April 2022. The sentence exceeds the 10-month prison sentence of Ishan’s brother, with whom he conspired for the crime.
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