Insider Trading

PARIS, FRANCE - OCTOBER 05:  In this photo illustration, the Coinbase cryptocurrency exchange application is seen on the screen of an iPhone on October 05, 2018 in Paris, France. The California cryptocurrency platform is about to raise $ 500 million in the event of an IPO. After having exceeded 20 million users this summer, the cryptocurrency trading platform has seen its financial value further increase. The California start-up is now valued at $ 8 billion.  (Photo Illustration by Chesnot/Getty Images)
Former Coinbase Employee, U.S. SEC Settle Insider Trading Charges
The SEC brought charges alongside the Department of Justice in 2022.
PARIS, FRANCE - OCTOBER 05:  In this photo illustration, the Coinbase cryptocurrency exchange application is seen on the screen of an iPhone on October 05, 2018 in Paris, France. The California cryptocurrency platform is about to raise $ 500 million in the event of an IPO. After having exceeded 20 million users this summer, the cryptocurrency trading platform has seen its financial value further increase. The California start-up is now valued at $ 8 billion.  (Photo Illustration by Chesnot/Getty Images)

PARIS, FRANCE - FEBRUARY 12:  In this photo illustration, Bitcoin course's graph is seen on the Coinbase cryptocurrency exchange application on February 12, 2018 in Paris, France. Founded in June of 2012, Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin. The company is based in San Francisco, California generated in 2017 a record turnover of one billion dollars (about 810 million euros) with exceptional trading volumes, which made it the most downloaded mobile app on iOS last December.  (Photo by Chesnot/Getty Images)
Ex-Coinbase Product Manager Sentenced to 2 Years in Prison for Insider Trading
Ishan Wahi was arrested in July 2022 and charged with insider trading for providing his brother with insider information about upcoming crypto listings at Coinbase.
PARIS, FRANCE - FEBRUARY 12:  In this photo illustration, Bitcoin course's graph is seen on the Coinbase cryptocurrency exchange application on February 12, 2018 in Paris, France. Founded in June of 2012, Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin. The company is based in San Francisco, California generated in 2017 a record turnover of one billion dollars (about 810 million euros) with exceptional trading volumes, which made it the most downloaded mobile app on iOS last December.  (Photo by Chesnot/Getty Images)

(Opensea, modified by CoinDesk)
Ex-OpenSea Exec Convicted of Wire Fraud, Money Laundering in Insider Trading Case
Nate Chastain made approximately $50,000 by buying and trading non-fungible tokens with insider knowledge gained from his position at OpenSea.
(Opensea, modified by CoinDesk)

(VBlock/Pixabay)
Former Coinbase Employee Seeks to Limit Jail Term to 10 Months in Insider-Trading Case
Ishan Wahi faces a sentencing hearing on May 9 after admitting he’d revealed details of forthcoming crypto listings to his brother.
(VBlock/Pixabay)

(CoinDesk)
Coinbase Files Amicus Brief in Insider Trading Case: ‘We Need Rulemaking’
The exchange denies any of the tokens former Coinbase manager Ishan Wahi traded with associates were securities because Coinbase doesn’t list securities – but it would like to if the SEC gave it proper rules and guidance.
(CoinDesk)

Court (Tingey Injury Law Firm/ Unsplash)
Blockchain Association Files Amicus Brief in Coinbase Insider Trading Case
The crypto lobbying group is arguing that the SEC is engaging in “absentee enforcement” because the creators of the nine tokens, that are at the center of the insider trading case, are not linked to the case.
Court (Tingey Injury Law Firm/ Unsplash)

SEC Chair Gary Gensler (Anna Moneymaker/Getty Images)
Will the SEC Convince a Court It’s Right to Label These Tokens as Securities?
The U.S. agency’s insider-trading case against a former Coinbase manager hinged on nine tokens it classified as securities, but the ex-employee’s lawyers are saying it’s not so.
SEC Chair Gary Gensler (Anna Moneymaker/Getty Images)

(Shutterstock)
Former Coinbase Manager Pleads Guilty to Insider Trading Charges: Reuters
Ishan Wahi had previously pleaded not guilty to federal charges of insider trading.
(Shutterstock)

CHARLOTTE, NC - AUGUST 26:  (EDITORIAL USE ONLY) In this screenshot from the RNC’s livestream of the 2020 Republican National Convention, North Carolina congressional nominee Madison Cawthorn addresses the virtual convention on August 26, 2020.  The convention is being held virtually due to the coronavirus pandemic but will include speeches from various locations including Charlotte, North Carolina and Washington, DC.   (Photo Courtesy of the Committee on Arrangements for the 2020 Republican National Committee via Getty Images)
US House Investigators Say Rep. Cawthorn Improperly Promoted Crypto Token
The probe concluded the North Carolina Republican broke rules but it didn’t find sufficient evidence he’d used inside information to pump up his own investment.
CHARLOTTE, NC - AUGUST 26:  (EDITORIAL USE ONLY) In this screenshot from the RNC’s livestream of the 2020 Republican National Convention, North Carolina congressional nominee Madison Cawthorn addresses the virtual convention on August 26, 2020.  The convention is being held virtually due to the coronavirus pandemic but will include speeches from various locations including Charlotte, North Carolina and Washington, DC.   (Photo Courtesy of the Committee on Arrangements for the 2020 Republican National Committee via Getty Images)

Federal Indictment of Former OpenSea Exec Can Proceed
Federal Indictment of Former OpenSea Exec Can Proceed
A court refused to dismiss the insider trading case against former OpenSea exec Nate Chastain and a federal indictment can proceed. "The Hash" panel discusses the memos filed by Chastain regarding the violation of his rights and how this crypto insider trading case might proceed.
Federal Indictment of Former OpenSea Exec Can Proceed