Justice Department Arrests Former Coinbase Manager For Insider Trading Today

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  • The Justice Department has arrested a former Coinbase employee in the first case of cryptocurrency insider trading.
  • The employee, a former product manager, allegedly used his knowledge of asset listings to engage in multiple counts of insider trading.
  • Previously, the Justice Department charged a former employee of Open Sea for insider trading NFTs.

Ishan Wahi, a former product manager for the publicly-traded cryptocurrency exchange Coinbase, was arrested this morning for an insider trading scheme during his time with Coinbase, per a release from the Department of Justice.

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