🔴Ex-Coinbase Manager Sentenced to Two Years in Prison for Insider Trading

Ex-Coinbase product manager Ishan Wahi has officially been sentenced to two years in prison for insider trading. Moreover, Wahi has been sentenced to what is viewed as the first insider trading case in the history of cryptocurrency.

US District Judge Loretta Preska sentenced Wahi in a Manhattan federal court on Tuesday. Additionally, Wahi pleaded guilty in February to two counts of conspiracy to commit wire fraud. The court proceedings are one of two high-profile crypto-related cases in New York, following the FTX collapse and the prosecution against founder Sam Bankman-Fried.

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