A former Coinbase employee and two others were charged with fraud in what prosecutors say is the first insider-trading case involving cryptocurrency markets
A former Coinbase Global Inc. employee and two other men were charged with wire fraud on Thursday in what federal prosecutors called the first insider-trading case involving cryptocurrency markets.cryptocurrency exchange Coinbase
, his brother Nikhil Wahi and friend Sameer Ramani with wire fraud and wire fraud conspiracy in what prosecutors described as a scheme to commit insider trading by using confidential Coinbase information about what assets were set to be listed on the platform’s exchanges. The defendants’ illegal profits totaled about $1.5 million, prosecutors alleged.
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