US accuses ex-Coinbase manager in first crypto insider trading case

A former product manager at Coinbase Global and two others have been charged with wire fraud in the first insider trading case involving cryptocurrency, US prosecutors in Manhattan said.
Ishan Wahi, the product manager at the cryptocurrency exchange, and his brother, Nikhil Wahi, were arrested on Thursday in Seattle.
They and a third defendant, their friend Sameer Ramani, also face related U.S. Securities and Exchange Commission civil charges. Ramani is at large.
In a statement, lawyers for Ishan Wahi, 32, said he is “innocent of all wrongdoing and intends to defend himself vigorously.” A lawyer for Nikhil Wahi did not immediately respond to requests for comment. Reuters could not immediately identify a lawyer for Ramani.