Former product manager at Coinbase Global Ishan Wahi and his brother Nikhil Wahi got arrested

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Former product manager at Coinbase Global Ishan Wahi and his brother Nikhil Wahi were arrested on Thursday in Seattle

Their friend Sameer Ramani, the third defendant, is also facing related US Securities and Exchange Commission civil charges. Ramani is still at large. Lawyers for Ishan Wahi, 32, said in a statement that he is “innocent of all wrongdoing and intends to vigorously defend himself.” Nikhil Wahi’s lawyer did not immediately respond to requests for comment. Reuters was unable to locate a lawyer for Ramani right away. According to prosecutors, Ishan Wahi shared confidential information about upcoming announcements of new cryptocurrency assets that Coinbase would allow users to trade through its exchange.

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Former product manager at Coinbase Global Ishan Wahi and his brother Nikhil Wahi got arrested

Former product manager at Coinbase Global Ishan Wahi and his brother Nikhil Wahi were arrested on Thursday in Seattle

Their friend Sameer Ramani, the third defendant, is also facing related US Securities and Exchange Commission civil charges. Ramani is still at large. Lawyers for Ishan Wahi, 32, said in a statement that he is “innocent of all wrongdoing and intends to vigorously defend himself.” Nikhil Wahi’s lawyer did not immediately respond to requests for comment. Reuters was unable to locate a lawyer for Ramani right away. According to prosecutors, Ishan Wahi shared confidential information about upcoming announcements of new cryptocurrency assets that Coinbase would allow users to trade through its exchange.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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