Ex-Coinbase Manager Charged by U.S. in Insider-Trading Case

A former Coinbase  (COIN) – Get Coinbase Global Inc Report employee and two other men were arrested and charged in what authorities said was the first insider-trading case tied to cryptocurrency.

The U.S. attorney for the Southern District of New York and the FBI allege that the men used confidential information from Coinbase, a cryptocurrency exchange, about which crypto assets were intended to be listed on its exchange.

Ishan Wahl, a former product manager at Coinbase, his brother Nikhil Wahl, and his friend, Sameer Ramani, were charged in the case.

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