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The Guardian - UK
The Guardian - UK
Technology
Dan Milmo and agency

Former US Coinbase employee and two others charged with insider trading

Coinbase logo plus coins
Coinbase, a major cryptocurrency exchange, says it has ‘zero tolerance for this kind of misconduct’. Photograph: Dado Ruvić/Reuters

A former Coinbase employee and two others have been charged in what federal authorities described as the US government’s first cryptocurrency insider trading case.

Ishan Wahi, a product manager at the cryptocurrency exchange, and his brother Nikhil Wahi were arrested in Seattle on Thursday. They and a third defendant, their friend Sameer Ramani, who remains at large, also face civil charges from the US financial watchdog, the Securities and Exchange Commission (SEC).

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