The Public Prosecutor ' s Office for the Southern District of New York has indicted a former staff member of the Coinbase cryptomarket, Ichan Wahi, who, according to the investigation, told his brother and friend what digital assets were planned to be placed on the site, resulting in a profit of $1.5 million from illegal transactions, as stated in the indictment.
Ishaan Wahi was one of Coinbase's employees who had been allowed information on the placement of new crypts on the site. When a platform of this magnitude began trading new assets, they tended to rise at a price -- knowing that, the company's management had banned employees from disclosing their plans. Wahi had been working at Coinbase since October 2020, and in August 2021, he gained access to a working channel where all the details of the upcoming listings were published.
According to the indictment, Nihil Wahi allegedly acquired at least 25 assets, up to at least 14 Annonas Coinbase listings. On 12 April, a Twitter user revealed that he had discovered an ETH address with which hundreds of thousands of dollars had been purchased 24 hours prior to their appearance on Coinbase. The next day, the head of security at the Kryptobirgi responded to the tweet and reported that the company was conducting an investigation.
In May, Wahi received an e-mail ordering him to appear for a face-to-face interview as part of the Coinbase internal investigation, in response he ordered a one-way ticket to India's New Delhi and warned his brother and friend of the imminent threat.