Nikhil Wahi has agreed to pay around $470,000 to Coinbase for his role in an insider trading scheme with his brother and former Coinbase product manager Ishan Wahi.
Highlights
- Nikhil Wahi has agreed to pay nearly $470,000 to the cryptocurrency exchange for his role in an insider trading scheme.
- The amount must be paid in full within 20 years of his release from prison.
- Ishan Wahi is the brother of a former Coinbase product manager.
- He is currently serving 10 months in prison for wire fraud conspiracy charges after being sentenced on Jan.
- 10.
- In a separate civil case, the exchange defended the brothers and Ramani after the trio was sued by the Securities and Exchange Commission for violating antifraud provisions of U.S.
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