A former Coinbase product manager was sentenced to two years in prison on Tuesday on two conspiracy charges related to what the the Department of Justice called the “first ever cryptocurrency insider trading tipping scheme.”
Ishan Wahi, 32, pleaded guilty in February after being indicted last year over the scheme, which involved telling his brother and a friend which cryptocurrencies were set to be listed on the Coinbase crypto exchange on at least 14 occasions. The scheme netted the trio gains of about $1.5 million, according to the DOJ.
