© Reuters
A federal judge has sentenced Ishan Wahi, the former product manager at Coinbase (NASDAQ:) Global accused of insider trading, to 24 months in prison.
In a May 9 hearing in United States District Court for the Southern District of New York, Judge Loretta Preska sentenced Wahi to 2 years in prison for his role in using confidential information he obtained during his time working at Coinbase to profit off new listings of tokens, totaling up to $1.5 million. Preska ordered Wahi to surrender by June 21 at 2:00 PM ET to serve his sentence at the Fort Dix Federal Correctional Institution in New Jersey. Following his time in prison, he will be subject to two years of supervised release for each count, running concurrently.
This story originally appeared on Investing
