L'ancien directeur de Coinbase emprisonne une peine de prison
- Ishan a exploité les informations de l'entreprise alors qu'il travaillait chez Coinbase et a aidé son frère à gagner plus de $1 million entre 2021 et 2022.
- Ishan Wahi’s attorney urged the judge to consider his immigration status, arguing that his crime was a non-violent offense and he had no criminal history before his arrest.
- Ishan’s mother and other close relatives, as well as friends, attended the sentencing in person.
US District Judge Loretta Preska has sentenced a former product manager at Coinbase, Ishan Wahi, 32, to 24 months in prison for insider trading. Ishan was arrested and charged in 2022 for wire fraud and providing insider information to his brother Nikhil Wahi and their friend Sameer Ramani about upcoming digital asset listings at Coinbase Global. Reports claim that the group made over $1 million in profit trading on Ishan’s information between 2021 and 2022.
L'affaire est l'un des crimes les plus médiatisés liés à la crypto et le deuxième cas de délit d'initié crypto poursuivi par le ministère de la Justice (DOJ). Nikhil a été accusé de complot en vue de commettre une fraude électronique en septembre et a plaidé coupable. Il a été condamné à 10 mois de prison en janvier. Cependant, Ramani n'a pas été localisé.
L'avocat américain Damian Williams a déclaré dans un déclaration,
Ishan Wahi, a former Coinbase product manager, violated the trust placed in him by his employer by tipping others with valuable confidential information regarding Coinbase’s planned token listings. Today’s sentence should send a strong signal to all participants in the cryptocurrency markets that the laws decidedly do apply to them. The Southern District of New York will hold those who engage in insider trading to full account, regardless of whether their illegal conduct occurs in the equity markets or in the market for crypto assets.
Ishan’s Case to Serve as an Example
Judge Preska ordered Ishan to turn himself in by June 21 to serve his term at the New Jersey-based Fort Dix Federal Correctional Institution. Ishan had requested a sentence that was not longer than his brother’s, pointing to prior instances of insider trading that ended in minimal or no prison time.
Ishan’s counsel urged the judge to consider his client’s immigration status and grant him a lesser sentence. He said, “I submit that there’s no need for this court to impose additional punishment. He has lost his job. He has lost his reputation. He has suffered an enormous amount of negative publicity both here in the United States and in India.”
Interestingly, prosecutors called for Ishan’s case to be used as an example to dissuade other crypto insiders from exploiting confidential information. Some prosecutors believed a jail term of three years or more would send a strong message to others.
“This was not a one-off mistake — this was over a ten-month period […] Having access to the kind of information that this defendant had access to was like being able to read the newspaper a day in advance,” prosecutors said.
Quel que soit le type d'actif en cause, les procureurs ont le droit de porter plainte pour fraude dans les cas où la malhonnêteté a été utilisée pour obtenir un avantage financier. De cette façon, le ministère américain de la Justice dispose de plus de flexibilité que son homologue civil, la Securities and Exchange Commission (SEC) des États-Unis, pour poursuivre les crimes liés à la cryptographie. La SEC se limite à surveiller les marchés des valeurs mobilières, mais a étendu sa compétence à l'industrie de la cryptographie en affirmant que la plupart des jetons sont des titres non enregistrés.
The SEC also filed a charge against Ishan and Nikhil Wahi, arguing that their trades involved securities. However, court documents showed that the brothers reached an understanding with the regulator to resolve the claims.
J'ai couvert des histoires passionnantes dans ma carrière de journaliste et je trouve les histoires liées à la blockchain très intrigantes. Je crois que Web3 va changer le monde et je veux que tout le monde en fasse partie.
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