Federal prosecutors in Manhattan brought their first ever case for insider-trading in digital coins, charging a former Coinbase Global Inc. product manager with leaking information to help his brother and a friend buy tokens just before they were listed on the exchange. The arrest of Ishan Wahi, who helped oversee listings for a Coinbase unit focused on investment products, follows a sweeping probe involving the Southern District of New York and the Securities and Exchange Commission. The SEC also alleged Wahi violated the agency’s anti-fraud rules.
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