Ex-Coinbase manager arrested in US crypto insider-trading case

US authorities arrested and charged a former Coinbase Global Inc. product manager with allegedly leaking insider information to help his brother and a friend buy tokens just before they were listed on the crypto exchange.

The move on Thursday to detain Ishan Wahi, who helped oversee listings for a Coinbase unit focused on investment products, follows a sweeping probe that involved prosecutors in the Southern District of New York and the Securities and Exchange Commission (SEC). The SEC also sued Wahi for allegedly violating the agency’s anti-fraud rules.