NEW YORK—A former Coinbase product manager and his brother, along with a Houston man, were charged Thursday in what federal authorities described as the U.S. government’s first cryptocurrency insider trading case.
The brothers—Ishan Wahi and Nikhil Wahi—were arrested while the Houston man, Sameer Ramani, remained at large, federal authorities said as they announced the unsealing of an indictment in a federal court in Manhattan.
Authorities said Ishan Wahi, 32, was a product manager at Coinbase Global Inc., one of the world’s largest cryptocurrency exchanges, based in Seattle, when he provided tips to Nikhil Wahi, 26, and their friend, Ramani, 33. All three were charged with wire fraud conspiracy and wire fraud….