Ex-Coinbase Manager Settles SEC’s Crypto Insider-Trading Claims

WASHINGTON—A former manager at Coinbase Global has reached a settlement with regulators over a novel cryptocurrency enforcement action without resolving a key question for the Securities and Exchange Commission and the crypto industry: which of the exchange’s digital assets are securities. Ishan Wahi’s deal with the SEC ends insider-trading claims over the agency’s claims that his trading tips involved crypto assets that are actually securities. While Wahi won’t pay any financial penalties

• 2023-05-31
• Ishan Wahi the SEC digital assets Nikhil Wahi insider trading SEC crypto assets criminal case federal securities laws Coinbase

Brothers Settle With SEC in Coinbase Crypto Insider Trading Case

The two Wahi brothers will not have to pay any more penalties after forfeiting crypto and $892,500 in cash.

• 2023-05-31
• Coinbase The SEC insider trading Ishan Wahi Nikhil Wahi brother Nikhil U.S. Securities and Exchange Commission Sameer Ramani civil charges