The “first ever insider trading case” for cryptocurrency markets
; one Twitter user noted, “ETH address that bought hundreds of thousands of dollars of tokens exclusively featured in the Coinbase Asset Listing post about 24 hours before it was published.” The post apparently caught the company’s attention, as its chief security officer responded to say it was looking into the matter. The next month, Ishan Wahi was apprehended while trying to board a flight to India.
. His lawyer reportedly told the court that he made the trades not to get rich, but so he could help his parents retire and pay them back for sending him to college. When the charges were announced by the Department of Justice, US Attorney Damian Williams called it the “first ever insider trading case involving cryptocurrency markets.” It’s not the only case in the crypto space, though. Williams himself is also dealing with an insider trading case
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