Is Coinbase a 'first insider trading case' involving cryptocurrency?

NEW YORK (Reuters) - A former Coinbase Global Inc product manager pleaded guilty on Tuesday in what U.S. prosecutors have called the first insider trading case involving cryptocurrency, his defense lawyer said in a court hearing.

What is Coinbase accused of?

Let’s dig into what the company stands accused of since we are getting tons of inquiries of people looking to join the Coinbase class action lawsuit. The case ( Alfia vs Coinbase Global, Inc) was brought by McCathern LLP and is over Coinbase’s handling of customer balances. It is case number 3:21-cv-08689.

Did Nikhil Wahi breach his duty of care to Coinbase?

The agency said its case against the Wahi brothers and Ramani was its first for crypto insider trading. Nikhil Wahi and Ramani repeatedly traded on that information and recklessly or “consciously avoided knowing” that Ishan was breaching his duty of care to Coinbase in providing the information, according to the complaint.

Who was the man who plead guilty to bank fraud?

© Provided by Albany (GA) WALB Ricky Carter, 60, of Nashville, pleaded guilty to one count of bank fraud on Tuesday before U.S. District Judge Hugh Lawson. Ricky Carter, 60, of Nashville, pleaded guilty to one count of bank fraud on Tuesday before U.S. District Judge Hugh Lawson.