Coinbase insider trading case ends with guilty plea
Former product manager at Coinbase, Ishan Wahi, has pled guilty to two counts of conspiracy to commit wire fraud in an insider trading case.
Former product manager at Coinbase, Ishan Wahi, has pled guilty to two counts of conspiracy to commit wire fraud in an insider trading case.
Dutch central bank De Nederlandsche Bank (DNB) has slapped Coinbase with a hefty fine for failing to register for two years.
Nikhil Wahi confessed to making trades using information passed to him by his brother, a Coinbase product manager.
Armstrong says that Coinbase needs to reduce expenses to increase its chances of doing well in every scenario.
Coinbase says it will pay $50 million to tie up the investigation and the same amount again to bring its compliance programs up to standard.