Why did a former Coinbase manager spend 2 years in prison?

A former Coinbase Global Inc. manager was ordered to spend two years in federal prison for trading on confidential information about when the cryptocurrency exchange was going to list new tokens. US District Judge Loretta Preska pointed to “a massive abuse of Mr. Wahi’s employer’s trust” over 10 months in sentencing him Tuesday in Manhattan.

Can a former Coinbase product manager be jailed for insider trading?

A former product manager of Coinbase has been sentenced to two years in prison for insider trading charges, just weeks after the company announced its move to conduct business in the Bahamas. This development has brought renewed attention to the issue of insider trading in the cryptocurrency industry and its potential consequences.

How long will Wahi be in prison for insider trading?

Wahi’s lawyers had requested a sentence of no more than 10 months in prison, but the former Coinbase product manager has been sentenced to two years for his involvement in insider trading. Although the sentence is longer than his lawyers had hoped for, it is still much lower than the 60-year maximum sentence he could have received.