Feds: 1st cryptocurrency insider trading case snares 3

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

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

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

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

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

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

All three were charged with wire fraud conspiracy and wire fraud