Where Is Ex-Coinbase Manager Ishan Wahi Now? Was He Arrested & Charges on Him Explained

Where Is Ex-Coinbase Manager Ishan Wahi Now? Ishan Wahi and his brother Nikhil Wahi were both detained by US law authorities for allegedly engaging in a crypto insider trading conspiracy. Ishan Wahi, 32, is a former product manager at cryptocurrency trading startup Coinbase Global. He was detained by US officials, according to CNBC, and has

Where Is Ex-Coinbase Manager Ishan Wahi Now? Ishan Wahi and his brother Nikhil Wahi were both detained by US law authorities for allegedly engaging in a crypto insider trading conspiracy.

Ishan Wahi, 32, is a former product manager at cryptocurrency trading startup Coinbase Global. He was detained by US officials, according to CNBC, and has been charged with wire fraud conspiracy and wire fraud in connection with a plan to engage in insider trading of cryptocurrency assets.

Where Is Ex-Coinbase Manager Ishan Wahi Now? Was He Arrested & Charges on Him Explained

Wahi, a previous Coinbase product manager, transacted crypto assets based on secret information gained while assisting the exchange in coordinating public token launches, according to Blockworks.

Wahi, who previously attended Carnegie Mellon University, is also a co-founder of TheTeacherApp, according to Crunchbase.

Let us learn more about Ishan Wahi and look closely at his arrest and whereabouts.

Is Ishan Wahi Arrested?

The authorities have arrested Ishan Wahi.

He was arrested morning on Thursday, July 21, 2022, from Seattle.

Along with Ishan, his brother Nikhil Wahi, 26, was also arrested. Now, authorities are looking to apprehend their friend Sameer Ramani, 33, who is also allegedly involved in the act and currently remains at large.

According to CNBC, Ishan Wahi attempted to leave for India before a scheduled interview with Coinbase’s security department but was stopped by local authorities.

Wahi’s arrest came in one of the first crypto frauds, so people on the internet are very keenly invested in his case, and Twitter is going wild. People are tweeting about the incident and sharing the news worldwide.

According to the complaint by SEC, Ishan is accused of tipping the timing and contents of upcoming listing announcements from inside the company to his friend Sameer and brother Nikhil. They made their trade decision based on the information.

Where Is Ex-Coinbase Manager Ishan Wahi Now?

Ex-Coinbase Manager Ishan Wahi is now under arrest.

He remains in custody and is scheduled to appear in front of the court on Friday.

However, his exact whereabouts have not been revealed by the authorities, but he might be somewhere around Seattle, where he was taken under control.

Ishan’s brother Nikhil also remains in police custody with his brother, but their partner in crime, Sameer, remains at large. Authorities are trying to get hold of the culprit and apprehend him.

Exclusive: A former Coinbase product manager was arrested for his alleged role in a crypto insider-trading scheme https://t.co/LngyMyu4Ef

— Bloomberg Crypto (@crypto) July 21, 2022

Ishan tried to make his escape to India before the arrest but was not able to leave the United States of America, and he was stopped by a law enforcement officer at the airport.

It is unclear if Ishan is an Indian citizen or holds citizenship in the United States of America. He might have a hideout or relatives in India where he tried to take shelter after his act got noticed.

What Charges Is Ishan Wahi Facing?

Ishan Wahi has been charged with two counts of wire fraud conspiracy and two counts of wire fraud, according to Justice.

The charges carry a maximum sentence of 20 years in prison each.

Similarly, his brother Nikhil has been charged with one count of wire fraud conspiracy and one count of wire fraud. Sameer has been charged with one count of wire fraud conspiracy and one count of wire fraud.

The Office’s Securities and Commodities Fraud Task Force will handle the case, and Assistant United States Attorneys Noah Solowiejczyk and Nicolas Roos will be in charge of the prosecution.

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