Ex-Coinbase manager pleads guilty in insider trading case

By Luc Cohen
FILE PHOTO A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken March 4 2022. REUTERSDado RuvicIllustration

FILE PHOTO: A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration/

NEW YORK (Reuters) - A former Coinbase Global Inc product manager pleaded guilty on Tuesday in what U.S. prosecutors have called the first insider trading case involving cryptocurrency, his defense lawyer said in a court hearing.

Ishan Wahi, 32, pleaded guilty to two counts of conspiracy to commit wire fraud, after initially pleading not guilty last year.

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