Share this article
Ex-Coinbase Product Manager Pleads Not Guilty in Crypto Insider Trading Case: Report
Ishan Wahi and two associates are accused of making as much as $1.5 million from sharing information about the exchange's plans to list new tokens.
By Nelson Wang
Updated May 11, 2023, 5:10 p.m. Published Aug 3, 2022, 5:39 p.m.
Former Coinbase (COIN) product manager Ishan Wahi has pleaded not guilty to federal charges of insider trading, according to a Reuters report on Wednesday.
- Ishan Wahi is accused of sharing information about which crypto assets the exchange would be listing next with his brother Nikhil Wahi and Sameer Ramani prior to the actual listing. The U.S. Securities and Exchange Commission (SEC) also brought charges against the three tied to the same insider trading allegations.
- Ishan Wahi allegedly shared information about at least 14 different listings at Coinbase, and the defendants made up to $1.5 million through the scheme, according to the Justice Department, though the SEC put the figure at closer to $1.1 million.
- This is the second insider trading case involving crypto that the Department of Justice has pursued.
- The case has also attracted attention because the SEC named nine tokens as securities in the proceedings, albeit without charging the issuers or Coinbase for listing them.
Read More: Binance.US to Delist AMP After SEC Claim That the Token Is a Security
STORY CONTINUES BELOW
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Argentina’s Central Bank to Allow Banks to Provide Crypto Services in 2026
Argentina’s central bank is reportedly drafting new rules to allow banks to offer customers digital asset-related services as early as April 2026.
What to know:
- The Central Bank of Argentina is considering lifting the ban on banks offering cryptocurrency services, potentially implementing new rules by April 2026.
- Argentina's shift towards a crypto-friendly policy follows the election of Javier Milei and aims to boost adoption amid economic challenges.
- Argentina is a leading country in cryptocurrency adoption, with a significant portion of transactions involving stablecoins to hedge against inflation.
Top Stories
