The former Coinbase employee and his brother have been arrested for insider trading at least 25 cryptocurrencies, but another defendant is still at large.
- The Justice Department has arrested a former Coinbase employee in the first case of cryptocurrency insider trading.
- The employee, a former product manager, allegedly used his knowledge of asset listings to engage in multiple counts of insider trading.
- Previously, the Justice Department charged a former employee of Open Sea for insider trading NFTs.
Ishan Wahi, a former product manager for the publicly-traded cryptocurrency exchange Coinbase, was arrested this morning for an insider trading scheme during his time with Coinbase, per a release from the Department of Justice.