Feds: 1st cryptocurrency insider trading case snares 3

THE NEW YORK a Houston man, a former Coinbase product manager, and his brother

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were charged Thursday in what federal authorities described as the U.S. government’s first cryptocurrency insider trading case

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The brothers — Ishan Wahi and Nikhil Wahi — were arrested while the Houston man

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Federal authorities claimed Sameer Ramani was still at large as they revealed the unsealing of an indictment in a federal court in Manhattan

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Authorities said Ishan Wahi, 32, was a product manager at Coinbase Global Inc

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one of the world’s largest cryptocurrency exchanges, based in Seattle, when he provided tips to Nikhil Wahi, 26, and their friend, Ramani, 33

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All three were charged with wire fraud conspiracy and wire fraud

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