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The United States Securities and Exchange Commission is moving forward with a resolution to the case against a former product manager at Coinbase (NASDAQ:COIN) Global accused of insider trading.
In an April 3 filing in U.S. District Court for the Western District of Washington, the SEC said it had reached “an agreement in principle” with Ishan Wahi. The former Coinbase employee — along with his brother Nikhil Wahi and associate Sameer Ramani — allegedly used confidential information he obtained from the crypto exchange in order to profit off new listings of tokens, totalling more than $1 million.