Join the larget crypto conference of 2022 in Bitcoin
Bitcoin
$ 39,046

Former Coinbase official pleads not guilty in federal court: Insider trading case

0
(0)
Former Coinbase official pleads not guilty in federal court: Insider trading case 9

Ishan Wahi pleaded not guilty in the ongoing two cases against him & his two close persons.Β 

Ishan Wahi is a former Coinbase product manager. In May, he was arrested by US authorities during his attempt to board a flight to India. Allegedly, Ishan provided internal information about Coinbase exchange with his close relatives to make money.

On 3 August, Reuters reported that Coinbase’s former product manager pleaded not guilty to two counts of wire fraud conspiracy and two counts of wire fraud in a Manhattan federal court.Β 

However, not much information came from the media reports, about the ongoing development works but these things are showing some Ishan is standing in this case confidently and may bring some better outcomes for him. Perhaps the case is in the initial phase, so it will be too early to comment on the future judgment. 

Two cases against Ishan Wahi

At present two cases are going on. The first case is Insider trading. US investigation authorities are taking their actions in this case, where Ishan has been accused of providing new crypto asset listing details in advance to his brother & friend. Reportedly, His brother & friend made a $1.5 million profit between June 2021 and April 2022. Here these are only part of the allegations, so here we have to wait for the final outcomes of this case.

Secondly, The US Securities and Exchange Commission (SEC) filed a civil case against Ishan Wahi. According to the SEC agency, Ishan & his accomplice did trade with nine of the 25 cryptocurrencies, which were securities. 

Many crypto experts talked about this lawsuit by the SEC agency against Coinbase’s former product manager and the majority of them criticized SEC’s action. The majority of the people said that if 9 mentioned crypto assets were securities then why Nasdaq listed public crypto exchange Coinbase was allowed to facilitate the trade of these particular assets? 

Read also: US Senators proposes a bill to grant authority to CFTC to regulate crypto

Former Coinbase official pleads not guilty in federal court: Insider trading case

 

https://bitcoinik.com/former-coinbase-official-pleads-not-guilty-in-federal-court-insider-trading-case/feed/

https://bitcoinik.com/former-coinbase-official-pleads-not-guilty-in-federal-court-insider-trading-case/feed/

 

 

 

 

 

Ads by Cryptonews24

 

koinswap

πŸš€πŸš€Get ready for the biggest ICO of 2022.
βœ…ICO starts from August 16, 2022
βœ…ICO= Initial Coin Offering. Where you can purchase tokens at base price.
βœ…ICO has different rounds with different price.
βœ…Round-1 price: $0.0005
βœ…Round-2 price: $0.001
βœ…Round-3 price: $0.002
βœ…Round-4 price: $0.004
βœ…Round-5 price: $0.008

πŸ‘‰ICO will be finished on September 15, 2022.
πŸ‘‰Trading will start after ICO completion.

πŸš€πŸš€EXCHANGE LISTING PRICE: $0.02 per KST. That is 40x than ICO Round-1 (Seed round)πŸš€πŸš€

πŸ‘©πŸ»β€πŸ’»For more details pls read pdf in marketing tools section in dashboard.

#koinswap #kst #nft #metaverse #blockchain

π™π™€π™‚π™„π™Žπ™π™π˜Όπ™π™„π™Šπ™‰ π™‡π™„π™‰π™†πŸ‘‡πŸ½
https://koinswap.io/register?referralcode=CFxqfP
β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬

THIS IS A LIFE CHANGING OPPORTUNITY

*REGISTER N VERIFY UR MAIL N GET 1000 COIN FOR FREE*

I THINK LAST YEAR OR SO WHEN MY FRIEND SHARE THE LINK OF PLCU TO ME, I INSULTED HIM IN MY HEAD N DIDNT JOIN
*TODAY PLCU IS 70,000$*

TODAY KOINSWAP IS GIVING US 1000 COIN FREE BUT NO ONE CARE TO TAKE IT
πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡
https://koinswap.io/register?referralcode=CFxqfP

JOIN THE GROUP FOR MORE UPDATES
https://chat.whatsapp.com/BGUVkqhI6mg1p9XdJXzBwl

In 2009 you missed# BITCOIN
2014 you missed# DOGE
2015 you missed# XRP
2016 you missed# ETH
2017 you missed# ADA
2018 you missed# BNB
2019 you missed# LINK
2020 you missed# DOT
2021 you missed# SHIBA

https://koinswap.io/register?referralcode=CFxqfP

—————————————————————————————————————————————-

Ads by Cryptonews24

 

 

 

Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.

 

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

TELEGRAM
Cryptonews24 Channel Chat