Ishan Wahi, the former Coinbase product manager who pleaded guilty to two counts of wire fraud in February in a crypto insider trading case, has requested a reduced sentence of just 10 months in prison instead of the guideline sentence of 37 to 46 months. Wahi and his lawyers have asked the court to consider his background and circumstances at the upcoming sentencing hearing scheduled for May 2022.
The United States Attorney for the Southern District of New York announced the unsealing of an Indictment charging the former Coinbase product manager Ishan Wahi, Nikhil Wahi, and Sameer Ramani with insider trading in crypto assets by using confidential Coinbase information about which crypto assets were scheduled to be listed on Coinbase. While Ishan Wahi and Nikhil Wahi were arrested on Thursday, Sameer Ramani remains at large.