SEC detain former Coinbase Product Manager Ishan Wahi for insider trading

The SEC’s lawsuit claims that Ishan Wahi revealed Coinbase’s public listing announcements to his brother and friend which included details about the digital assets or tokens just before the listing and available for trading. According to the SEC’s lawsuit, Coinbase considered this information to be confidential and issued warnings to its staff members not to utilise it as the basis for trading or divulge its existence to other parties.