FILE PHOTO: Souvenir tokens representing cryptocurrency networks Bitcoin, Ethereum, Dogecoin and Ripple plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration
NEW YORK (Reuters) -The brother of a former Coinbase Global Inc product manager was sentenced on Tuesday to 10 months in prison after pleading guilty in what U.S. prosecutors have called the first insider trading case involving cryptocurrency.
Nikhil Wahi admitted to making trades based on confidential information from Coinbase, one of the world's largest cryptocurrency exchanges, when he pleaded guilty in September to a wire fraud conspiracy charge.
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